John Mbadi Ng'ong'o

All parliamentary appearances

Entries 6361 to 6370 of 7463.

• 14 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, having said that, I will request this House that in future, if there is any letter from any Kenyan alleging corruption, that matter be referred to the relevant Committee of the House and concluded there, before it is brought here. view
• 14 Jun 2011 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. I am just concerned about the amount involved in this contract and the casual way in which the Minister is talking about the contract. He is even saying that it was not a requirement to look at the documents which were attached. Then, the question would be: Why are the documents there? This matter looks very weighty and it is important that it is referred to the relevant Committee for thorough investigation. It is a very serious matter given the amount involved, the kind of contract we are talking about and ... view
• 14 Jun 2011 in National Assembly: On a point of order, Mr. Deputy Speaker, Sir. view
• 14 Jun 2011 in National Assembly: No, Mr. Deputy Speaker, Sir. I believe that is the end of that issue, so that I can raise another issue. view
• 14 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, you will remember there is an issue that I have raised in this House before. This is the issue of a Ministerial Statement that I had asked the Deputy Prime Minister and Minister for Finance to provide. I am concerned because right now, this House is considering and deliberating on the Budget for this year and there are doubts on the previous Statements that have been presented to this House. It is going to be a bit unfair if this matter is not sorted out before this House considers another set of Financial Statements. view
• 14 Jun 2011 in National Assembly: Yes, Mr. Deputy Speaker, Sir. view
• 14 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, allow me to support this Bill. I think many times in this House, we have spoken about this country having laws that are not pro- investment. We have complained that the Government needs to review or make amendments to the various laws that we require to encourage investment in this country. We have been having problems with the Companies Act and I am happy that something is being done. We are soon going to have a company law in this House, courtesy of the Attorney-General, who is just about to leave office. Probably, that may make ... view
• 14 Jun 2011 in National Assembly: Madam Temporary Deputy Speaker, we have been complaining about the Companies Act. We feel it is rigid and oppressive to business. We have spoken about the absence or lack of insolvency law. I know that there was the Bankruptcy Act, but it did not adequately address the issues and complaints that we have had. We have cases of bankruptcy, receivership, insolvency, voluntary winding up and liquidation. Those issues, to many Kenyans, have not been very clear. We have not undertaken a deliberate attempt to clarify to Kenyans what they mean. In Kenya, anytime you hear of a company going view
• 14 Jun 2011 in National Assembly: into receivership, that is like a death sentence for that company. Instead of managers, liquidators and receiver managers trying to help the company come out of the financial distress, they have been profiting from the assets of the company. The fact that the company is not able to meet its obligations as and when they fall due does not necessarily mean that, that company has no capacity to rise again and stand on its feet. Therefore, we have looked for a set of laws that will help clarify and provide a systematic way in which a company that is in ... view
• 14 Jun 2011 in National Assembly: Madam Temporary Deputy Speaker, if you look at Part IV of this particular Bill, it dwells at length on bankruptcy. It defines it. It also defines the duties of trustees and receiver managers. It also clearly spells out how the debtor’s property will be distributed in the event that the trustee is supposed to pay the creditors. It also outlines the commencement of bankruptcy, talks about the court processes, statement of affairs and what happens in the event that during the process, the bankrupt person dies. What happens in the processes of doing all that? What if the person who ... view