ADVOKS GLOBAL · KENYA
Companies Act
687. Lodgement requirements for unquoted companies
Edition: 2024-12-27 · In force
687. Lodgement requirements for unquoted companies
(1)The directors of an unquoted company shall lodge with the Registrar for each financial year of the company a copy of—(a)the company's annual financial statement;(b)the directors' report; and(c)the auditor's report on that statement and that report.(2)Subsection (1)(c) does not apply if the company is exempt from audit and the directors have taken advantage of that exemption.(3)The directors of an unquoted company shall also ensure that—(a)the copy of the company's balance sheet, and of the directors' report, lodged with the Registrar under this section states the name of the person who signed it on behalf of the company; and(b)the copy of the auditor's report lodged with the Registrar under this section—(i)states the name of the auditor and, if the auditor is a firm, the name of the person who signed it as senior statutory auditor; or(ii)if the conditions specified in section 737 are satisfied, state that a resolution has been passed and notified to the Cabinet Secretary in accordance with that section.(4)This section does not apply to a company that is subject to the small companies regime.(5)If the directors of an unquoted company fail to comply with a requirement of this section, each director of the company who is in default commits an offence and on conviction is liable to a fine not exceeding five hundred thousand shillings.