Ayub Savula Angatia

All parliamentary appearances

Entries 321 to 330 of 433.

• 6 Aug 2015 in National Assembly: I was just begging because I have been accused unfairly, Hon. Deputy Speaker. view
• 6 Aug 2015 in National Assembly: Hon. Deputy Speaker, since I am seated in the neighbourhood of the leadership of the House, the Chief Whip is here, I demand that my neighbours be given an opportunity to testify in this matter because I am being crucified unfairly. view
• 6 Aug 2015 in National Assembly: 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
• 6 Aug 2015 in National Assembly: Hon. Deputy Speaker, for the sake of the House so that we can move on to important business, whether I said it or not, I apologise. view
• 6 Aug 2015 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I rise to support the amendment in Clause 94 for the following reason. Keeping a register of members or directors of a company in a registered office will help eliminate issues of briefcase registered companies. In the media for example, you find a registered newspaper with a list of directors but, when you go and search for the list of directors when you want to file a suit in court, you will not find them. They operate as briefcase companies on the streets. If they keep a list of registered members and directors in ... view
• 4 Aug 2015 in National Assembly: Thank you, Hon. Temporary Deputy Speaker for giving me the opportunity to contribute to this important Bill. First of all, I would like to thank the Mover because he has given serious grounds on why we should introduce this Insolvency Bill that will lead to enactment of a law that will govern procedures used to declare a company insolvent, individuals bankrupt and the action that should be taken. The Bill has come at the right time, because our parastatals have been using annual financial reports to indicate whether a company is insolvent or not, based on the value of the ... view
• 4 Aug 2015 in National Assembly: A company like Nzoia Sugar Company is, from their financial statement, not economically viable. It has already been declared insolvent based on the asset value and the turnover that the company is making. Muhoroni Sugar Company and Miwani Sugar Company are under receivership, but the receiver managers in the two companies are doing worse to the companies using the weaker sections of the Banking Act that governs insolvency issues. If we happen to enact this Insolvency Bill, we will save ailing companies like Kenya Airways and Mumias Sugar Company; we will dig deeper into the issues and find a solution. ... view
• 4 Aug 2015 in National Assembly: Individuals face a lot of problems. Currently, if you go to a bank and you need a loan from it, it can declare you closer to bankruptcy based on two issues: the gearing ratio and the Credit Reference Bureau (CRB) rating. That is what they have been doing. They just look at your gearing ratio and CRB rating and say: “We cannot loan you. You are bordering on bankruptcy. You are 98 per cent, 95 per cent or 65 per cent closer to bankruptcy based on the gearing ratio and the CRB rating.” However, this Bill introduces new mechanisms on ... view
• 4 Aug 2015 in National Assembly: Hon. Temporary Deputy Speaker, I would like you to protect me from Hon. Wamunyinyi, because this is a serious affair. view
• 4 Aug 2015 in National Assembly: Hon. Temporary Deputy Speaker, he has wasted my time. If he is not going to table the documents here--- 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