The Companies Act No. 17 of 2015

Meaning of “appropriate rate of interest” for purpose of this Division

(1) For the purpose of this Division, the appropriate rate of interest is—
(a) five percent; or
(b) if some other rate is fixed under subsection (2), that rate of interest.
(2) The Cabinet Secretary may, by order published in the Gazette, vary the rate specified in subsection (1)(a) or fixed under subsection (1)(b).
Check the current authoritative text and amendment history before relying on a provision.

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