ADVOKS GLOBAL · KENYA
Industrial and Commercial Development Corporation Act
15. Accounts and reports
Edition: 1967-04-14 · In force
15. Accounts and reports
(1)The directors shall cause to be kept proper books of account and such other records as are necessary to give a true and fair view of the state of the Corporation’s affairs and to explain its transactions, and those books of account and other records shall be kept at such place as the directors think fit, and shall at all times be made available to the Minister and to all persons authorized by him in that behalf.(2)The directors shall as soon as practicable after the end of each financial year of the Corporation cause to be prepared a statement of accounts in such form as the Minister may, with the approval of the Minister responsible for finance, direct.(3)The accounts of the Corporation shall be audited annually by an auditor or auditors appointed by the Minister.(4)The directors shall as soon as practicable after the end of each financial year of the Corporation make an annual report to the Minister dealing generally with the operations of the Corporation during that year.(5)The accounts and annual report shall within six months after completion of each financial year of the Corporation be laid before the National Assembly by the Minister.