The Companies Act No. 17 of 2015Section 573 of The Companies Act No. 17 of 2015: Company to establish and maintain register of debenture holders
(1) A company that allots debentures shall establish and maintain a register of debenture holders.
(2) Except in so far as the regulations otherwise provide, a company shall ensure its register of debenture holders (if any) is kept open for inspection—
(a) at the registered office;
(b) if the register is prepared at another office of the company (other than the registered office), a copy of the register may be kept at that other office; and
(c) if the register is prepared by some other person on behalf of the company, a copy of the register may be kept at the office of that other person.
(3) If a company fails to comply with a requirement of this section, the company, and each officer of the company who is in default, commit an offence and on conviction are each liable to a fine not exceeding one million shillings.
(4) If, after a company or any of its officers is convicted of an offence under subsection (3), the company continues to fail to comply with the relevant requirement, the company, and each officer of the company who is in default, commit a further offence on each day on which the failure continues and on conviction are each liable to a fine not exceeding one hundred thousand shillings for each such offence.
(5) A reference in this section to a register of debenture holders includes a duplicate—
(a) of a register of debenture holders that is kept outside Kenya; or (b) of any part of such a register.
Check the current authoritative text and amendment history before relying on this provision.
(1) A company that is required to keep a register of debenture holders shall, except when it is duly closed, ensure that the register is, during ordinary office hours, kept available for inspection— (…
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