The Companies Act No. 17 of 2015

Section 670 of The Companies Act No. 17 of 2015: Quoted company to make annual financial statement available on company's website

(1) A quoted company shall ensure that its annual financial statement anddirectors’ report—
(a) is made available on a website that complies with section 672; and
(b) remains available on the website until the annual financial statement for the next financial year of the company is made available in accordance with this section.
(2) If a quoted company fails to comply with subsection (1), the company, andeach officer of the company who is in default, commit an offence and on conviction are each liable to a fine not exceeding five hundred thousand shillings.
(3) If, after a quoted company or any of its officers is convicted of an offence under subsection (2), the company continues to fail to comply with subsection (1), 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 fifty thousand shillings for each such offence.

Check the current authoritative text and amendment history before relying on this provision.

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