Companies Act

768. Company to disclose liability limitation agreement

Edition: 2024-12-27 · In force

768. Company to disclose liability limitation agreement

(1)A company that has entered into a limited liability agreement shall disclose details of the agreement—

(a)in the case of a company that prepares an individual financial statement, in notes to the statement;

(b)in the case of a company that prepares a group financial statement—in a manner prescribed by the regulations for the purposes of this section; or

(c)in the case of either kind of company, in the directors' report.

(2)If a company fails to comply with 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 one million shillings.

Division 7 — Supplementary provisions

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Source: Kenya Law