Companies Act

955. Members of companies involved in division entitled to inspect certain documents

Edition: 2024-12-27 · In force

955. Members of companies involved in division entitled to inspect certain documents

(1)The members of each company involved in the division are, during the relevant period, entitled—

(a)to inspect at the registered office of that company copies of the relevant documents relating to that company and every other company involved in the division; and

(b)on request, to obtain copies of those documents, or any part of them, free of charge.

(2)For the purpose of subsection (1), the relevant period is the period—

(a)beginning one month before the first meeting of the members, or a specified class of members, of the company convened for the purposes of approving the scheme; and

(b)ending on that date.

(3)For the purpose of subsection (2), the relevant documents are as follows:

(a)the draft terms;

(b)the directors' explanatory report;

(c)the expert's report;

(d)the company's annual financial statements and reports for the last three financial years ending on or before the first meeting of the members, or a specified class of members, of the company convened for the purposes of approving the scheme;

(e)any supplementary financial statement required by section 954.

(4)The requirements relating to the documents referred to in subsection (3)(b), (c) and (e) are subject to sections 962 and 963.

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Source: Kenya Law