Aden Bare Duale

All parliamentary appearances

Entries 15751 to 15760 of 17799.

• 18 Sep 2013 in National Assembly: Clause 12 seeks to amend Section 35 of the principal Act. Again, this gives the corporation the right to separate any preferred claim by any of the depositors or any of the creditors. This has one objective and the objective of the corporation is again to protect the depositors through a strong insurance fund that is reputable within our country and within the region. view
• 18 Sep 2013 in National Assembly: Hon. Speaker, Sir, Clause 13 seeks to amend Section 50 of the principal Act by only correcting typographical error in the numbering of the paragraphs of Section 50(1) where paragraph “c” reads as “b”. Really, this is typographical error that already exists in the principal Act. So, this is trying to correct it. Again, this clause gives more receivership powers to the corporation or direct authority to exercise various options in terms of restructuring mechanism. view
• 18 Sep 2013 in National Assembly: Clause 14 of this amendment Bill seeks to amend Section 53 of the principal Act to streamline the term of a receivership. It upholds the authority of the CBK to appoint the corporation as a regulator. I am sure that the last two amendments are on Clause 15 which seeks to amend Section 57 of the existing Act. All it does is to bring clarity. After payment of the insured deposits, any residual payments will include an incurred deposit. view
• 18 Sep 2013 in National Assembly: Lastly, Clause 16 seeks to amend Section 63 of the principal Act. This deals with the opening statements of any section. Again, it puts more clarity on this. view
• 18 Sep 2013 in National Assembly: In a nutshell, the amendments have been brought from Clauses 2 to Clause 16 of the principal Act. Basically, this was in line with the new Constitution. Kenya, as a 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
• 18 Sep 2013 in National Assembly: country, needs to have the best of laws in terms of the financial institutions within the region. We need to make our country a very competitive global investment destination. view
• 18 Sep 2013 in National Assembly: Hon. Speaker, Sir, with those few remarks, I beg to second. view
• 17 Sep 2013 in National Assembly: Hon. Speaker, I want to thank hon. Mbadi, but 2013 is a very unique year, and we were engaged in the budget-making process. Hon. Mbadi is aware that there were a number of timelines that we could not meet as a result of the elections being held in March. I am sure the documents came when we were on recess. However, the document is now available. Because of the unique circumstances, the provisions of the Constitution in the budget-making process, the Bill on Division of Revenue that was before this House and the timeline on the Public Finance Management Act ... view
• 17 Sep 2013 in National Assembly: Thank you, hon. Speaker, Sir. First, I want to thank my colleagues and welcome them back to the Second Session of the Eleventh Parliament. Before we went on recess, this House passed the VAT Bill. I want to tell my colleagues that under Article 95 of the Constitution, the power to amend, the power of oversight, the power of representation and the power of legislation lies with this House. view
• 17 Sep 2013 in National Assembly: The VAT Bill was passed in this House and it is very shocking that many days back the same Members who were in this House and had the powers at the Committee Stage to amend the Bill are now addressing the nation in a Press conference. view