Companies Act

629. Offence for company to fail to keep proper accounting records

Edition: 2024-12-27 · In force

(1)If a company fails to comply with a provision of section 628, the company, and each officer of the company who is in default, commit an offence.

(2)A person who is found guilty of an offence under subsection (1) is, liable on conviction—

(a)in the case of a body corporate, to a fine not exceeding two million shillings; or

(b)in the case of a natural person, to a fine not exceeding one million shillings or to imprisonment for a term not exceeding two years, or to both.