K
Originally published by Kenyanstop
January 9, 2026
15h ago
Govt Gives SACCOs 2-Month Ultimatum Ahead of March Deadline
If a SACCO fails to submit the audited financial statements within the set period, the government classifies it as non-compliant and subjects it to potential penalties...
✨ Key Highlights
The Sacco Societies Regulatory Authority (SASRA) has issued a two-month ultimatum to all SACCOs in Kenya to submit their audited financial statements by March 15, 2026. This directive is in compliance with Section 41 of the SACCO Societies Act.
- The submission window is from January 1 to March 15, 2026, to allow approval by March 31, 2026, before AGMs.
- SASRA emphasized that all approvals, including those for audited financial statements, are offered free of charge.
- Failure to submit audited financial statements within the deadline will result in the SACCO being classified as non-compliant, leading to potential penalties.
Continue Reading
Read the complete article from Kenyans
Advertisement
Advertisement