Aden Bare Duale

All parliamentary appearances

Entries 13221 to 13230 of 17810.

• 22 Oct 2014 in National Assembly: I know since I was in the last Parliament with hon. Midiwo. He is a man of few words like me. He might summarize and only use 20 minutes. I am about to finish only that I do not want to disappoint my friend from Rarieda. The Procedural Motion was a serious one and he meant it. He is a man of kusema na kutenda . view
• 22 Oct 2014 in National Assembly: Clauses 369 to 389 of the Bill provide for the constitution of a committee of inspection. This Bill creates an Oversight Inspection Committee. So, those clauses 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
• 22 Oct 2014 in National Assembly: provide for the constitution and a special committee for determination of the contributors and the process of payment of debts due by shareholders, as well as the application of assets of the company. These clauses also empower a court to summon persons, to order the public examination of a person or officer in this regard, or order the arrest of a director who intends to abscond, or act in a manner as to remove or conceal his property for the purpose of avoiding a call or examination with regard to the affairs of a company. This is a serious matter. ... view
• 22 Oct 2014 in National Assembly: These clauses empower the court to summon persons under public examination, officers or individual who own a company. It can even order the arrest of a director who intends to abscond, or act in a manner to remove or conceal his property for the purpose of avoiding a call of examination. There are people in this country, even when the Kenya Revenue Authority examiners appear at their doorstep, they disappear through the backdoor. Here, it is not about taxation; it is about protecting shareholders’ interests. view
• 22 Oct 2014 in National Assembly: Clauses 384 to 385 of the Bill, deal with voluntary winding up of a company, and provide for circumstances and the manner in which this may be conducted. Not all windings up of companies happen because they are insolvent. There are companies that want to wind up and merge with others. Clauses 384 to 385 deal with that kind of a scenario. They say that during a voluntary winding up of a company you must give the circumstances, and the manner in which this must be conducted. view
• 22 Oct 2014 in National Assembly: Clause 389 to 407 of this huge Bill provide for the appointment of a liquidator, his roles and his powers in the process of a voluntary winding up. Even in a voluntary winding up of a company or assets or estates, Clauses 389 to 407 will specifically provide the powers to appoint a liquidator; they give his role and his powers; the same powers are also found under the Fourth Schedule of the Bill. view
• 22 Oct 2014 in National Assembly: Clauses 408 to 422 of the Bill provide for both winding up by court and voluntary winding up. There are two ways in which you can wind up. You can be wound up by a court of law or you can decide to wind up yourself or your company or your assets. This must be in line with good keeping of books. The accounts must be handed over to the appointed liquidator, and his role in the process is well document in the clauses. view
• 22 Oct 2014 in National Assembly: How do you deal with investment surplus? If a company had an interest-earning account and you are winding up, how do you deal with investment of surplus funds in an interest-earning account as well as the payment? How do you deal with payment for unclaimed assets that will go to the official receiver? How do you deal with placement of such funds to the credit of the insolvency fund? This Bill is creates an insolvency fund. Clauses 423 and 424 relate to the proof and the ranking of claims. It is not a matter that hon. Duale and hon. Mule ... view
• 22 Oct 2014 in National Assembly: company winding up. If you hear today that company “X” is owned by hon. Duale and Hon. Mule and you come out of the blues and say that you have some claim, the standard of proof is very high. Those people who make claims had better go back to the drawing board and make sure that they have proof and all else that is required. view
• 22 Oct 2014 in National Assembly: Clauses 431 to 435 deal with offences by officers of companies in liquidation. Officers who have been mandated as liquidators in companies must operate within the law. Where they exceed their powers, thus committing offences, these clauses have provided for how to deal with thm. Clauses 436 to 446 contain provisions relating to dissolutions. Part XI deals with receivership managers and provides for persons who may act. I am tired and nobody is giving me water. Hon. Gumbo, you should have been giving me water because you have given me a lot of time. I will take it when I ... view