ADVOKS GLOBAL · KENYA
Insolvency Act
426. Application for liquidation of company on grounds of public interest
Edition: 2022-12-31 · In force
426. Application for liquidation of company on grounds of public interest
(1)If, in relation to a company, it appears to the Attorney-General—(a)from a report made or information obtained from investigations carried out or inspection of documents produced under the Companies Act (Cap. 486).(b)from a report made, or information obtained, by the Capital Markets Authority under the Capital Markets Act;(c)from information provided by the Registrar; or(d)as a result of the company or its directors having been convicted of an offence involving fraudulent conduct,that it would be in the public interest for the company to be liquidated, the Attorney-General may make an application to the Court to make a liquidation order in respect of the company for its liquidation on the ground that it would be just and equitable for it to be so.(2)Subsection (1) does not apply if the company is already in the process of liquidation by the Court.