ADVOKS GLOBAL · KENYA
Companies Act
1020. Meaning of “associate” for purposes of section 1034
Edition: 2024-12-27 · In force
1020. Meaning of “associate” for purposes of section 1034
(1)This section defines “associate” for the purposes of section 1019.(2)In relation to a natural person, "associate" means—(a)that person's spouse or minor child or step-child;(b)any body corporate of which that person is a director; and(c)any employee or partner of that person.(3)In relation to a body corporate, "associate" means—(a)any body corporate of which that body is a director;(b)any body corporate in the same group as that body; and(c)any employee or partner of that body or of any body corporate in the same group.(4)In relation to a partnership that is a legal person under the law by which it is governed, "associate" means—(a)any body corporate of which that partnership is a director;(b)any employee of or partner in that partnership; and(c)any person who is an associate of a partner in that partnership.(5)In relation to a partnership that is not a legal person under the law by which it is governed, "associate" means any person who is an associate of any of the partners.(6)In this section, in relation to a limited liability partnership, "member" is to be substituted for "director".