Companies Act

539. Notice requiring information: persons exempted from obligation to comply

Edition: 2024-12-27 · In force

539. Notice requiring information: persons exempted from obligation to comply

(1)A person is not obliged to comply with a notice given under 536 if the person is for the time being examined by the Cabinet Secretary from the operation of that section.

(2)The Cabinet Secretary may grant any such exemption only if—

(a)deleted by Act No. 28 of 2017, s. 34;

(b)the Cabinet Secretary is satisfied that, having regard to any undertaking given by the person with respect to any interest held, or to be held, by the person in any particular shares, there are special reasons why the person should not be subject to the. obligations imposed by that section.

[Act No. 28 of 2017, s. 34.]

Division 3— Orders imposing restrictions on shares

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Source: Kenya Law