Insolvency Act

602. Administrator to lodge copy of order of the Court terminating appointment with Registrar of Companies

Edition: 2022-12-31 · In force

602. Administrator to lodge copy of order of the Court terminating appointment with Registrar of Companies

(1)Within fourteen days after the Court has made an order under this Part terminating the appointment of an administrator, the administrator shall lodge a copy of the order with the Registrar for registration.

(2)On receiving the copy lodged under subsection (1), the Registrar shall register it.

(3)An administrator who, without reasonable excuse, fails to comply with subsection (1) commits an offence and on conviction is liable to a fine not exceeding two hundred thousand shillings.

(4)If, after being convicted of an offence under subsection (3), an administrator continues to fail to comply with the relevant requirement, the administrator commits a further offence on each day on which the failure continues and on conviction is liable to a fine not exceeding twenty thousand shillings for each such offence.

Division 10 — Termination of appointment and replacement of administrators

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Source: Kenya Law