ADVOKS GLOBAL · KENYA
Companies Act
310. Public companies: annual general meeting
Edition: 2024-12-27 · In force
310. Public companies: annual general meeting
(1)Every public company shall hold a general meeting as its annual general meeting within six months from and including the day following its accounting reference date in each year, whether or not it holds other meetings during that period.(2)A company that fails to comply with subsection (1) as a result of giving notice under section 634—(a)specifying a new accounting reference date; and(b)stating that the current accounting reference period or the previous accounting reference period is to be shortened,is nonetheless taken to have complied with that subsection if it holds a general meeting as its annual general meeting within three months after giving that notice.(3)If a public 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.(4)If, after a company or any of its officers is convicted of an offence under subsection (3), the company continues to fail to comply with the requirement to hold its annual general meeting, 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 one hundred thousand shillings for each such offence.