ADVOKS GLOBAL · KENYA
Companies Act
674. Right of member or debenture holder of quoted company to copies of company's financial statement and reports
Edition: 2024-12-27 · In force
674. Right of member or debenture holder of quoted company to copies of company's financial statement and reports
(1)A member of, or holder of debentures of, a quoted company is entitled to be provided, on demand and without charge, with a copy of—(a)the company's most recent annual financial statement;(b)the most recent directors' remuneration report;(c)the most recent directors' report; and(d)the auditor's report on that financial statement (including the auditor's report on the directors' remuneration report and on the directors' report).(2)The member or holder of debentures is entitled to a single copy of those documents, in addition to any copy to which a person may be entitled under section 662.(3)If a company fails to comply with a demand made under 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 five hundred thousand 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 such a demand, 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 fifty thousand shillings for each such offence.