ADVOKS GLOBAL · KENYA
The Companies (General) Regulations
48. Directors' report to include reasons for resignation of director, etc
Edition: 2022-12-31 · In force
48. Directors' report to include reasons for resignation of director, etc
(1)This regulation applies if—(a)a director of a company has in a financial year resigned from the office or has refused to stand for re-election to the office; and(b)the company has received a notice in writing from the director specifying that the resignation or refusal is due to reasons relating to the affairs of the company (whether or not other reasons are specified).(2)A directors' report for the financial year is required to include a summary of the reasons for the director's resignation or refusal to stand for re-election in so far it relates to the affairs of the company.(3)This regulation does not apply to a company that is exempt from the audit requirements of Part XXVII of the Act.