- Section 674 of The Companies Act No. 17 of 2015: Right of member or debenture holder of quoted company to copies of company's financial statement and reports
(1) A member of, or holder of debentures of, a quoted company is entitled to be provided, on demand and without charge, with a copy of— (a) the company's most recent annual financial statement;
(b) the most recent directors' remuneration report;
(c) the most recent directors' report; and
(d) the...
- Section 675 of The Companies Act No. 17 of 2015: Name of signatory to be stated in published copies of annual financial statement and reports, etc
(1) A company that publishes a document to which this section applies shall ensure that the document states the name of the person who signed it on behalf of the directors.
(2) In the case of an unquoted company, this section applies to copies of—(a) its annual financial statement; and (b) the...
- Section 676 of The Companies Act No. 17 of 2015: Requirements in connection with publication of statutory financial statement
(1) When publishing its statutory financial statement, a company shall enclosewith or annex to the statement a copy of the auditor’s report on that financial statement, unless the company is exempt from audit and the directors have taken advantage of that exemption.
(2) A company that prepares a...
- Section 677 of The Companies Act No. 17 of 2015: Requirements in connection with publication of non-statutory financial statement
(1) If a company publishes a non–statutory financial statement, it shall publish with it a statement indicating—
(a) that it is not the company's statutory financial statement;
(b) whether a statutory financial statement dealing with a financial year with which the non-statutory financial...
- Section 678 of The Companies Act No. 17 of 2015: Meaning of “publication” in relation to company’s financial statement and reports
For the purposes of sections 675, 676 and 677, a company is taken to have published a financial statement or directors’ report if it publishes, issues or circulates it or otherwise makes it available for public inspection in a manner that invites members of the public generally, or any class of...
- Section 679 of The Companies Act No. 17 of 2015: Public company to present annual financial statement and reports at general meeting of company
(1) The directors of a public company shall present to the members at a generalmeeting of the copies of its annual financial statement and directors’ and other reports.
(2) The directors shall comply with subsection (1) not later than the deadline for lodging a copy of the company's financial...
- Section 680 of The Companies Act No. 17 of 2015: Offence for public company to fail to present annual financial statement and reports at general meeting of company
(1) If the requirements of section 679 are not complied with before the end ofthe specified period, every person who immediately before the end of that period was a director of the company commits an offence.
(2) It is a defence for a person charged with an offence under subsection (1) toprove that...
- Section 681 of The Companies Act No. 17 of 2015: Directors of quoted company required to obtain members' approval of directors' remuneration report
(1) The directors of a quoted company shall, before the general meeting at which the financial statement is to be presented, give to the members of the company entitled to be sent notice of the meeting notice of the intention to move at the meeting, as an ordinary resolution, a resolution approving...
- Section 682 of The Companies Act No. 17 of 2015: Offence for directors of quoted company to fail to comply with section694
(1) If the directors of a quoted company fail to comply with section 681(1), eachof the directors who is in default, commit an offence and on conviction are each liable to a fine not exceeding five hundred thousand shillings.
(2) If the resolution approving the directors' remuneration report is not...
- Section 683 of The Companies Act No. 17 of 2015: Company’s directors to lodge certain documents with Registrar
(1) The directors of a company shall lodge with the Registrar for each financial year the financial statement and reports required by section 686, 687 or 688.
- Section 684 of The Companies Act No. 17 of 2015: Deadline for lodging financial statements with Registrar
(1) The deadline for lodging with the Registrar the documents referred to in section 683(1) is—
(a) for a private company — nine months after the end of the company's relevant accounting reference period; and
(b) for a public company—six months after the end of the company's relevant accounting...
- Section 685 of The Companies Act No. 17 of 2015: Calculation of deadline for lodging financial statements with Registrar
(1) This section applies for the purpose of calculating the deadline for lodging a company’s financial statement that is expressed as a specified number of months from a specified date or after the end of a specified previous deadline.
(2) Subject to subsection (3), the deadline for lodging a...
- Section 686 of The Companies Act No. 17 of 2015: Lodgement requirements for companies subject to small companies regime
(1) The directors of a company that is subject to the small companies regime—
(a) shall lodge with the Registrar for each financial year a copy of a balance sheet drawn up as at the last day of that year; (b) may also lodge with the Registrar—
(i) a copy of the company's profit and loss account...
- Section 687 of The Companies Act No. 17 of 2015: Lodgement requirements for unquoted companies
(1) The directors of an unquoted company shall lodge with the Registrar foreach financial year of the company a copy of— (a) the company's annual financial statement;
(b) the directors' report; and
(c) the auditor's report on that statement and that report.
(2) Subsection (1)(c) does not apply if...
- Section 688 of The Companies Act No. 17 of 2015: Lodgement requirements for quoted companies
(1) The directors of a quoted company shall lodge with the Registrar for each financial year of the company a copy of—
(a) the company's annual financial statement;
(b) the directors' remuneration report;
(c) the directors' report; and
(d) a copy of the auditor's report on that statement and...
- Section 689 of The Companies Act No. 17 of 2015: Exemption of unlimited companies from requirement to lodge financial statements with Registrar
(1) The directors of an unlimited company are not required to lodge a financial statement with the Registrar in respect of a financial year if at no time during the relevant accounting reference period—
(a) has the company, to the knowledge of the directors, been a subsidiary undertaking of an...
- Section 690 of The Companies Act No. 17 of 2015: Special auditor's report required if abbreviated financial statement is lodged with Registrar
(1) This section applies when—
(a) the directors of a company lodge an abbreviated financial statement with the Registrar; and
(b) the company is not exempt from audit, or the directors have not taken advantage of any such exemption.
(2) When this section applies, the directors of the company...
- Section 691 of The Companies Act No. 17 of 2015: Directors of company to approve and sign abbreviated financial statement
(1) An abbreviated financial statement of a company is not valid until it has been approved by the company’s board of directors and signed on behalf of the board by a director of the company.
(2) The director designated to sign the abbreviated financial statement shall sign the company's balance...
- Section 692 of The Companies Act No. 17 of 2015: Offence to fail to lodge annual financial statement and reports with Registrar
(1) If the requirements of section 683 are not complied with in relation to the lodgement of a company’s financial statement and reports for a financial year before the deadline for lodging them, each person who immediately before the end of that period was a director of the company commits an...
- Section 693 of The Companies Act No. 17 of 2015: Power of the Court to order compliance if annual financial statement or reports not lodged with Registrar
(1) If—
(a) the requirements of section 683 have not been complied with in relation to a company's financial statement or reports for a financial year before the deadline for lodging them with the Registrar; and
(b) the directors of the company fail to comply with those requirements within...
- Section 694 of The Companies Act No. 17 of 2015: Company liable to default penalty for failure to lodge annual financial statement and reports with Registrar
(1) A company is liable to a default penalty if the requirements of section 683 are not complied with in relation to lodging the company’s annual financial statement and reports with the Registrar by the deadline for lodging them.
(2) The liability to a default penalty is in addition to any...
- Section 695 of The Companies Act No. 17 of 2015: Voluntary revision of defective financial statements and reports
(1) This section applies to the following documents—(a) the annual financial statement of a company;
(b) a directors' remuneration report;
(c) the directors' report of a company;
(d) a summary financial statement of a company.
(2) If it appears to the directors of a company that a document to...
- Section 696 of The Companies Act No. 17 of 2015: Cabinet Secretary may give notice in respect of company's financial statements or reports that are believed to be defective
(1) If—
(a) copies of the financial statement or a directors’ report for a financial year of a company have been sent out under section 662; or
(b) a copy of that financial statement or report has been lodged with the Registrar or, in the case of a public company, laid before the company in...
- Section 697 of The Companies Act No. 17 of 2015: Application to the Court to rectify defective annual financial statement or directors’ report of company
(1) If at the end of the period referred to in section 696(2), or such extended period as the Cabinet Secretary may allow, it appears to that Secretary that the directors have not—
(a) given a satisfactory explanation of the relevant financial statement or directors' report; or
(b) prepared a...
- Section 698 of The Companies Act No. 17 of 2015: Power of Cabinet Secretary to authorise other persons to make application to the Court under section 710
(1) The Cabinet Secretary may, in writing, authorise for the purposes of section697 any person who appears to the Cabinet Secretary—
(a) to have an interest in, and to have satisfactory procedures directed to ensuring compliance by companies with the requirements of this Act relating to financial...
- Section 699 of The Companies Act No. 17 of 2015: Power of Kenya Revenue Authority to disclose information to authorised person for certain purposes
(1) The Kenya Revenue Authority may disclose information to the Cabinet
Secretary or a person authorised under section 698 for the purpose of facilitating—
(a) the taking of steps by that person to discover whether there are grounds for making an application to the Court under section 697;...
- Section 700 of The Companies Act No. 17 of 2015: Power of Cabinet Secretary or authorised person to require documents, information and explanations
(1) This section applies if it appears to the Cabinet Secretary or a person who is authorised under section 698 that there is, or may be, a question whether a company’s annual financial statement or a directors’ report complies with the requirements of this Act.
(2) The Cabinet Secretary or...
- Section 701 of The Companies Act No. 17 of 2015: Restrictions on disclosure of information obtained under compulsory powers
(1) This section applies to information obtained in accordance with a requirement or order under section 700 that relates to the private affairs of a natural person or to any particular business.
(2) A person in possession of information to which this section applies shall not, during the lifetime...
- Section 702 of The Companies Act No. 17 of 2015: Permitted disclosure of information obtained under compulsory powers
(1) The prohibition in section 701 against disclosing information obtained in accordance with a requirement or order under section 700 that relates to the private affairs of a natural person or to any particular business has effect subject to the exceptions specified in subsections (2) to...
- Section 703 of The Companies Act No. 17 of 2015: Liability of directors for false or misleading statements in company’s financial statement and reports
(1) This section applies to the following documents—a directors’ report; a directors’ remuneration report; and
a summary financial statement so far as it is derived from either of those reports.
(2) A director of a company is liable to compensate the company for any loss suffered by it as a result...