Section 1009 of The Companies Act No. 17 of 2015: Duty of company to take precautions against falsification of its records

    

(1) A company that keeps its records shall ensure that adequate precautions are taken—
(a) to guard against falsification of those records; and
(b) to facilitate the discovery of any falsification of those records that might occur.
(2) If a company fails to comply with subsection (1), 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 one million shillings.
(3) If, after a company or any of its officers has been convicted of an offence under subsection (2), the company continues to fail to comply with a requirement of subsection (1), 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 is liable to a fine not exceeding one hundred thousand shillings for each such offence.
(4) This section does not apply to the documents required to be kept under section 200.


Disclaimer: This document is not to be taken as legal advise.

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