ADVOKS GLOBAL · KENYA
Companies Act
459. Copy of contract or memorandum to be available for inspection
Edition: 2024-12-27 · In force
459. Copy of contract or memorandum to be available for inspection
(1)This section applies to a company that has entered into—(b)a contract for a purchase approved under section 458.(2)The company shall keep available for inspection—(a)a copy of the contract; or(b)if the contract is not in writing, a written memorandum setting out its terms.(3)The company shall keep the copy or memorandum available for inspection from the date on which the contract is entered into until the end of the period of ten years from and including—(a)the date on which the purchase of all the shares under the contract is completed; or(b)if the contract specifies some other date, the date specified.(4)Except in so far as the regulations otherwise provide, the company shall keep the copy or memorandum available for inspection at the company’s registered office.(5)The company shall ensure that a copy or memorandum required to be kept under this section is kept open for inspection without charge—(a)by any member of the company; and(b)in the case of a public company, by any other person.(6)This section applies to a variation of a contract as it applies to the original contract.