Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 575973,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575973/?format=api",
    "text_counter": 111,
    "type": "speech",
    "speaker_name": "Hon. (Prof.) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "Hon. Temporary Deputy Speaker, it is true that the mainstay of the economy of any country is companies. It is the driving force in all the businesses and development we have in the country. Therefore, it was extremely important that the Bill that protects companies and ensures that companies are not used in corrupt ways, was passed. We are aware that many times before people started companies, they did what they wanted to do and immediately dissolved those companies, but the Bill we passed yesterday has made provisions for that. It is also a reality that insolvency occurs and companies fail. It is important that the Bill we discussed provides for insolvency. This is an area that has had a lot of suffering. Insolvency does not necessarily mean that a company must die and, therefore, it is important that the Bill we discussed a few days ago provided for the protection of businesses that would otherwise collapse because they are having problems. It actually provided support for them. We know that creditors suffer when businesses fail but the Insolvency Bill provides for their protection. It also provides for the protection of the deceased persons and their dependants. Those were extremely important Bills. The two Bills, because of their broad nature, their importance in the society and the world of business we live in, touched on very many important Bills. I have just looked through the Insolvency (Amendment) Bill; probably more than 23 Acts have been touched. It is not important to go through them but some are important like the Narcotics, Drugs and Psychotropic Substances. When you have insolvency in those areas, a lot of things can go wrong in the handling of the drugs. Insurance Act, the Banking Act, the Cooperatives Societies Act and the Societies Act are also important areas touched by this Bill. Therefore, this Bill has come in to scrutinise those areas. In a way, it is a miscellaneous amendments Bill. It has looked at those areas and, therefore, seeks to close the lacuna that would otherwise exist and cause problems. That is why Hon. Dalmas wondered why we have Bills to amend Acts that are still in process; we appreciate what the Leader of the Majority Party said, that if that is not done, the moment those Bills go into operation, we will obviously have a problem. Hon. Temporary Deputy Speaker, we have a case in point now. The Universities Act, 2012 created a body, that is the Kenya Universities and Colleges Central Placement Service (KUCCPS). It repealed some Acts for some colleges and institutions but it did not touch the Kenya Medical Training College Act. What has happened now is that the Kenya Medical Training College has their Act intact. I agree with them because I am a member of the Committee on Health that their Act is intact. That Act did not repeal it. The KUCCPS seeks to now admit students into the Kenya Medical Training Colleges (KMTC). What has happened is that 2,400 students have been given admission by this KUCCPS and the KMTC rightly says they cannot accept those students because their Act was not repealed, and have also admitted students. So we have 2,400 young Kenyans who are definitely going to suffer because we did not do what this Bill seeks to do. I do not know what is going to happen. This very clear example shows that we have a problem with us, I support this amendment Bill. Thank you."
}