Companies Act

319. Records of decisions by sole member

Edition: 2024-12-27 · In force

319. Records of decisions by sole member

(1)This section applies to a company that is limited by shares or by guarantee and has only one member.

(2)If a company to which this section applies takes a decision that—

(a)can be taken by the company at a general meeting; and

(b)has effect as if agreed by the company at a general meeting, the member of the company shall, unless the decision is in the form of a written resolution, provide the company with details of the decision.

(3)Failure to comply with this section does not affect the validity of a decision referred to in subsection (2).

(4)A member of a company to which this section applies who, without reasonable excuse, fails to comply with subsection (2) commits an offence and on conviction is liable to a fine not exceeding five hundred thousand shillings.

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Source: Kenya Law