Nelson Ributhi Gaichuhie

All parliamentary appearances

Entries 331 to 340 of 1130.

• 1 Mar 2017 in National Assembly: First Schedule Insert the following new paragraph immediately after (Part II- paragraph 27 ― Services) 28. Taxable services, procured locally or imported for the construction of liquefied petroleum gas storage facilities with a minimum capital investment of four billion shillings and a minimum storage capacity of fifteen thousand metric tonnes as approved by Cabinet Secretary for National Treasury upon recommendation by the Cabinet Secretary responsible for liquefied petroleum gas. view
• 1 Mar 2017 in National Assembly: Thank you, Hon. Temporary Deputy Chairlady. I beg to move: THAT, the Bill be amended in the Schedule in the items relating to the Insurance Act (Cap 470) by inserting the following new rows in their proper alphabetical sequence- view
• 1 Mar 2017 in National Assembly: s.3A Insert a new subsection as follows- (3) The Authority shall publish the standards formulated under sub-section (1)(b) and may provide for the punishment of a person who contravenes any of the standards by a fine not exceeding five million shillings or to imprisonment not exceeding five years or to both such fine and imprisonment. s.20(4) Delete the words “ten thousand shillings or to imprisonment not view
• 1 Mar 2017 in National Assembly: exceeding one year” and substitute with “five million shillings or view
• 1 Mar 2017 in National Assembly: to imprisonment not exceeding five years” Second Delete the expression “30th June, 2018” appearing in paragraph 3 Schedule and substitute therefor the expression “30th of June, 2020. The first justification is to seek to provide the standards for insurance underwriters and enhance punishment for defaulters. The industry has not been complying with the policies because the punishment has been too lenient. When an insurance company is fined, say, Kshs10.000 only, they can always not follow regulations and that is why we have decided that we need to enhance the fine for them to comply. That is why we are deleting ... view
• 1 Mar 2017 in National Assembly: The other justification is that the amendment of the schedule is the minimum capital requirement by extending the target compliance date from 20th June 2018 to 30th June 2020. You realize that since they have increased the minimum capital requirement, if you tell them to increase the capital requirement by 2018, it is too short a period. So, we have decided to increase that to year 2020 so that the insurance companies can build their capital base. We need to give them time just like what we did with the banks. If you increase the minimum capital requirement, you need ... view
• 1 Mar 2017 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move: THAT, the Bill be amended in the Schedule by deleting the items relating to the Kenya Information and Communications Act, 1998 (No 2 of 1998). That is because there are ways of dealing with transparency in the provision of premium rate services. The best of which would be promulgation of specific regulations in relation to Content Service Providers (CSPs) who are also licensed providers of premium rate services in Kenya, and their engagement with mobile network operators. For the CSPs, somebody should decide their premium rates and that is why it should ... view
• 1 Mar 2017 in National Assembly: Yes, I am through. view
• 1 Mar 2017 in National Assembly: Yes. view
• 1 Mar 2017 in National Assembly: Yes, I have given my justification and said it is because there are other ways of dealing with transparency in the provision of premium rate services. The best of which would be promulgation of specific regulations in relation to CSPs. view