Section 42, The Companies (Amendment) Act, 2014

Section 207 of the Companies Act, 2009 is amended asfollows- 195 of Act 2009. of section 197 202 of Act 2009. 204 of Act 2009. 207 of Act 2009. No. 9 Companies (Amendment) Act 2014 No. 9 Companies (Amendment) Act 201416 17 (a) in subsection (3) by repealing and replacing subsection- “(3) If any inspection required under this section is refused or if any copy required under this section is not sent within the proper time, the company and every officer of the company who is in default shall be liable in respect of each default to a default fine not below Le 10,000,000 and not exceeding Le15,000,000. 00” (b) in subsection (4) by – (i) deleting the word “court “ and substituting the word “Commission” (ii) deleting the word “order” and substituting the word “directive” PART X–DIRECTORS AND SECRETARIES OF COMPANY Appointment of directors