Section 708 of The Companies Act No. 17 of 2015: Offence for company not to lodge annual return on time, etc
(1) If a company fails to lodge an annual return as required by section 705(1) orlodges an annual return that does not comply with section 705(3), the company, and each officer of the company who is in default, commit an offence and on conviction are each liable to a fine not exceeding two hundred thousand shillings.
(2) If, after a company or any of its officers has been convicted an offence of failing to lodge an annual return on time as required by section 705(1), or of failing to lodge an annual return that complies with section 705(3), the company continues to fail to lodge such a return, or to lodge an annual return that complies with section 705(3), the company, and each officer of the company who is in default, commit a further offence on each day on which the failure continues and on conviction are each liable to a fine not exceeding twenty thousand shillings for each such offence.
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