ADVOKS GLOBAL · KENYA
Prevention of Fraud (Investments) Act
6. Advertisements relating to foreign issues
Edition: 2023-12-11 · Not commenced
6. Advertisements relating to foreign issues
(1)No person shall publish in any newspaper printed and published in Kenya, any advertisement inviting members of the public to subscribe to or purchase any shares or debentures of, or to deposit money with, or otherwise invest in any manner, in any foreign company unless—(a)such advertisement has been approved in writing by the Committee; and(b)it includes a notification that it has been so approved.(2)Any person aggrieved by the refusal of the Committee to approve an advertisement under this section may appeal therefrom to the Minister whose decision on such appeal shall be final.(3)Where any advertisement is published in contravention of this section the person placing the advertisement for publication, or causing it to be so placed, and the proprietor and publisher of the newspaper concerned shall be guilty of an offence.(4)Notwithstanding the provisions of any other written law, in any criminal proceedings under this section, a certificate purporting to be signed by the secretary to the committee or where an appeal has been made under subsection (2) of this section, by the Permanent Secretary stating that no approval has been given in respect of a particular advertisement, shall be admissible as evidence of the matters stated therein.