The Companies Act No. 17 of 2015Section 629 of The Companies Act No. 17 of 2015: Offence for company to fail to keep proper accounting records
(1) If a company fails to comply with a provision of section 628, the company,and each officer of the company who is in default, commit an offence.
(2) A person who is found guilty of an offence under subsection (1) is, liableon conviction—
(a) in the case of a body corporate, to a fine not exceeding two million shillings; or
(b) in the case of a natural person, to a fine not exceeding one million shillings or to imprisonment for a term not exceeding two years, or to both.
Check the current authoritative text and amendment history before relying on this provision.
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