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{
    "id": 632265,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/632265/?format=api",
    "text_counter": 288,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Shaban",
    "speaker_title": "",
    "speaker": {
        "id": 139,
        "legal_name": "Naomi Namsi Shaban",
        "slug": "naomi-shaban"
    },
    "content": "Part VI relates to the negotiation and transfer of warehouse receipts. Clause 35 empowers the depositor of goods to the warehouse to negotiate the warehouse receipt issued to another specified person by endorsement and delivery. Part VII of the Bill relates to the penal provisions. Clause 40 creates the offence of issuing fraudulent warehouse receipts upon which if convicted, the person is liable to be sentenced to a maximum term of five years in prison or a fine not exceeding Kshs1 million. This is the same in the offence of knowingly issuing warehouse receipts based on false information and would also attract a maximum term of five years or a fine not exceeding Kshs1 million. Clause 42 of the Bill creates the offence of knowingly issuing duplicate warehouse receipts without cancelling former receipts. On conviction, the person is liable to be sentenced for a maximum of five years or a fine not exceeding Kshs1 million. Part VIII of the Bill deals with miscellaneous provisions and it empowers the Cabinet Secretary to formulate regulations for the better carrying out of the provisions of the Bill. The Schedule of this Bill provides for the procedure of the meetings for the Council. The Bill also provides for the quorum which shall be two-thirds of the members of the Council. They can meet quarterly and, at least, four times in every financial year. Paragraph (4) of the Schedule of the Bill provides that the decisions of the Council shall be by majority vote which shall include the vote of the chairperson. We have had major problems and this Bill has come at a time when we need to have a law in place to govern what happens in the warehouses. With those few remarks, I take this opportunity to move and ask Hon. Jared Opiyo, Member for Awendo to second."
}