Amos Kimunya

All parliamentary appearances

Entries 5911 to 5920 of 6175.

• 28 Nov 2006 in National Assembly: November 28, 2006 PARLIAMENTARY DEBATES 3967 view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 4 be amended in subclause (1), by deleting paragraph (c) and substituting therefor the following new paragraph- "(c) licensed under this Act." Mr. Temporary Deputy Chairman, Sir, again this is to clarify paragraph (c). view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 5 of the Bill be amended in subclause (2)(f), by adding the following new sub-paragraph immediately after sub-paragraph (ix) - "(x) such other requirement as the Central Bank may prescribe." Mr. Temporary Deputy Chairman, Sir, this amendment seeks to include a phrase to capture all the additional information that Central Bank may require for application of a licence. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 6 of the Bill be amended in subclause (3) by deleting the words "for a period of twelve months beginning on the day it is issued" and substituting therefor the words "up to the 31st of December of the year in which it is issued". 3968 PARLIAMENTARY DEBATES November 28, 2006 Mr. Temporary Deputy Chairman, Sir, this amendment seeks to unify the expiry of all the licences issued up to 31st December of every year so as to avoid licences expiring on different dates. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 14 of the Bill be amended in subclause (1) by adding the following new paragraph immediately after paragraph (h) - "(i) such other activity as the Central Bank may prescribe." Mr. Temporary Deputy Chairman, Sir, this amendment basically seeks to again expand the additional activities that Central Bank may require to prohibit. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 19 of the Bill be amended - (a) by deleting subclause (2) and substituting therefor the following new subclause "(2) A person who holds more than 25 per cent of the shares of a deposit-taking business existing at the commencement of this Act, which he makes on application for a licence pursuant to Section 49, shall- (a) comply with the requirements of subsection (1) within four years of the November 28, 2006 PARLIAMENTARY DEBATES 3969 business being licensed; and (b) present a plan of action for the reduction of ... view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 21 of the Bill be amended in paragraph (b), by deleting the words "or has been imprisoned for three months or more". Mr. Temporary Deputy Chairman, Sir, this amendment is seeking to restrict the disqualification of the directors to offences related to financial matters only. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 27 of the Bill be amended by deleting paragraph (b) and substituting therefor the following new paragraph- 3970 PARLIAMENTARY DEBATES November 28, 2006 "(b) any advance or credit facility exceeding such limit of its core capital as may be prescribed by the Central Bank; and". The rationale for this amendment is, basically, seeking to remove the specific limits on lending, as provided for in the Bill, which will be set within the regulations. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT Clause 30 of the Bill be amended in paragraph (b) by deleting the word "business" appearing in subparagraph (v) and substituting therefor the word "institution". This amendment, basically seeks to clarify that the disqualification of an external auditor will relate to a partner or employee of a person who performs the duties for an institution rather than business. view
• 28 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- November 28, 2006 PARLIAMENTARY DEBATES 3971 THAT, Clause 35 of the Bill be amended in subclause (4) be deleting the word "may" and substituting therefor the words "shall state, in detail, whether or not there is". This amendment seeks to make it mandatory for the person inspecting an institution to report on all the requirements under the Act. view