ADVOKS GLOBAL · KENYA
The Companies (Beneficial Ownership Information) Regulations
17. Material Discrepancy Reporting
Edition: 2023-10-19 · In force
17. Material Discrepancy Reporting
(1)A company or a beneficial owner of a company shall report to the Registrar, material discrepancy identified by them in relation to beneficial ownership information filed by the company, in form BOF8 set out in the First Schedule.(2)The Registrar may, upon receipt of the report under subregulation (1), issue a direction to the company directing the company to address the discrepancy by filing an updated copy of its register of beneficial owners pursuant to section 93A of the Act.(3)Failure to comply with the Registrar’s directive under subregulation (2) shall have the same effect as a failure to comply with the directive issued under section 93A (12) of the Act.