Aden Bare Duale

All parliamentary appearances

Entries 11601 to 11610 of 17810.

• 9 Jul 2015 in National Assembly: Part I deals with preliminary matters, terminologies and definitions while Part II deals with the types of companies. Part III deals with the constitution of a company and the articles of association. Part IV deals with the capacity of a company in relation to contracts and the execution of documents and deeds. Part V deals with Clauses 48 to 68. It deals with company names, registration and use of names which are offensive. This Part deals with registration of a company and makes sure that you do not name your company using offensive words. Part VI deals with conversion of ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, Part XVIII deals with certification and transfer of securities or what we call the share certificate. Part XIX is about public offers of securities by either a private or a public company. This is the part that prohibits public offer by private companies. It provides for the minimum share capital requirement of a public company. Part XX, which encompasses Clauses 520 -525 deals with redeemable shares, the power of a company to issue redeemable shares, the terms and manner of those shares and to finance redeemable shares. Part XXI deals with Treasury shares and provides for ... view
• 9 Jul 2015 in National Assembly: important for our economy and international investors. It introduces something very unique. It also introduces the use of websites to provide information and financial statements of a company. Hon. Temporary Deputy Speaker, Part XXVIII, which covers Clauses 709-771, provides for the auditing of a company’s financial statement. It provides for how to deal with audited accounts, appointment of auditors and functions of the auditors who are going to audit the company’s accounts. It also gives members the right to raise audit concerns at their meetings. It ensures that only persons who are properly supervised and qualified are appointed statutory auditors. ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, Part XXXVI gives leeway to foreign companies. It provides the procedure of registering a foreign company, the regulations governing the operations of a registered foreign company, how foreign companies can do business and be assured of their investments in our country. This Bill seeks to reduce the cost of doing business in Kenya. Part XXXVIII provides for how to keep company records. Company records may be kept in both hard and soft copies. Part XXXIX deals with the service of documents on a company, secretaries and directors. It gives the authorization of how to send a ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, this is the summary of this very voluminous Bill. My good friend, the Chair of the Public Accounts Committee (PAC), will agree with me. As a Member of Parliament for the last seven years, I have never seen a Bill as voluminous as this. However, I have seen a Bill as small as one page and one sentence. I would like to thank the legal minds in the Departmental Committee on Justice and Legal Affairs. This is what makes the difference between the National Assembly and the Senate. I am sure that they are watching. This ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, let me thank my colleagues and more so the Members of the Departmental Committee on Justice and Legal Affairs Committee, who reduced the many amendments. They coerced me to republish this Bill. When we reach the Committee of the whole House, there will be very minimal amendments because over 900 amendments of the Committee have been catered for in the newly published Bill. view
• 9 Jul 2015 in National Assembly: With those many remarks, I beg to second. view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Chairman, the decision ultimately lies with the House. If you look at the Ethics and Anti-Corruption Commission Act, the secretary to the commission is always appointed with the approval of this House. The 10th Parliament approved the current Chief Executive Officer (CEO). That was after the commission had interviewed him. Today we are dealing with the composition of a commission in which we are increasing the number of commissioners to five. If this House uses its legislative role to sack and reappoint commissioners, then the mandate of the commission will still be there. view
• 9 Jul 2015 in National Assembly: I am on a point of order, Hon. Temporary Deputy Chairman. view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Chairman, why can I not finish? The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view