27 Jun 2012 in National Assembly:
However, on Clause 194(2)(a), I propose that we insert the word “best”. We had agreed that it is not just “international accounting practices” but should be “best international accounting practices”. So, I am proposing a further amendment that we add the word “best” before the word “international”.
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 195 be deleted and replaced with the following new clauses— Vacation
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27 Jun 2012 in National Assembly:
Yes, it is not exceeding.
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, hon. Karua is right. We should put the word “not” between the words “fine” and “exceeding”.
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27 Jun 2012 in National Assembly:
Thank you for that observation, hon. Karua.
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27 Jun 2012 in National Assembly:
Yes, Mr. Temporary Deputy Chairman, Sir.
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, at any time, it should be “resign from the Board”, and not “resign from Board”.
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 199 of the Bill be amended by deleting the words “five years or to a fine not exceeding ten million shillings” in between the words “of” and “or” and replacing them with the words “two years or a fine not exceeding two million shillings” so as to read as follows: 199. Except as otherwise provided by this Act, a person who is found guilty of committing an offence under this Act for which no other punishment is given, that person is liable on conviction to a term of imprisonment ...
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, through this amendment, we are basically reducing the penalty. It was found to be too stiff.
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27 Jun 2012 in National Assembly:
Mr. Temporary Deputy Chairman, Sir, this penalty says if there is any other offence where the offence is not specified. That is why we thought it is better to reduce it. This is only for those offences where there is no specific fine. Considering even the economic circumstances, we are saying that two years or Kshs2 million should be adequate punishment instead of five years and Kshs10 million.
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