Wakoli Bifwoli

All parliamentary appearances

Entries 181 to 190 of 1331.

• 25 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I beg to second. My secondment is based on the fact that we are a bit late in enacting this particular legislation, in view of the fact that the interviews for Judges of the Supreme Court are shortly to begin from 6th June for two weeks. So, I think the sooner we debate and enact this Bill the better. view
• 25 May 2011 in National Assembly: On a point of information, Mr. Temporary Deputy Speaker, Sir. view
• 25 May 2011 in National Assembly: On a point of order, Mr. Temporary Deputy Speaker, Sir. Is it in order for the hon. Member to assert: “I wish the Attorney-General was here”, and yet the Attorney-General is here? Even if the Attorney-General is not here, he will be somewhere listening to the debate going on in the House? view
• 24 May 2011 in National Assembly: Mr. Speaker, Sir, I beg to move, that The Companies Bill, Bill No.23 of 2010 be read a Second Time. view
• 24 May 2011 in National Assembly: Mr. Speaker, Sir, I will crave leave to refer extensively to my notes because of the technical nature of this Bill. I think it must be the biggest Bill that this House has to pass, consisting as it does, over 623 clauses. Many of these clauses have subclauses and a number of those subclauses have sub-paragraphs. So, it is my pleasure and privilege to move this Bill. view
• 24 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, this Bill is as a result of the reform process that was undertaken by the Attorney-General in the 1990s, when he set up a task force to review the laws relating to companies, investments, partnerships and insolvency. All the stakeholders were represented in that taskforce. We had representation of such institutions as the Kenya Association of Manufacturers, Federation of Kenya Employers, COTU, National Chamber of Commerce and Industry, accountants, chartered secretaries and lawyers, particularly those who specialise in corporate practice. We had representations from eminent industrialists and so on. view
• 24 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the reason why the Attorney-General then, who is the one now speaking, set up that task force composed of such personalities is because these were the people who were involved in matters related to company law on a day to day basis. They had complained. The major complaint of the stakeholders was that the company law, the insolvency law, the law relating to investments, the law relating to partnerships, was completely out of date with the modern needs of the Kenyan society. Mr. Temporary Deputy Speaker, Sir, the company law that we have today, Cap.486 ... view
• 24 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the hon. Member has commented on something I never even talked about. The fact of the matter is that if he is talking about the first Ministry to get that prize, we, indeed, got it and we still retain the cup. It has not gone to any other Ministry. What I was referring to was not even that. Listen carefully. What I was referring to is that as far as RRI is concerned, the State Law Office was the first to complete that in 100 days. The area we chose for that particular RRI was ... view
• 24 May 2011 in National Assembly: Mr. Temporary Deputy Speaker Sir, the objective of the Bill is to develop a modern company law to support a competitive economy in a coherent and simple form. The reforms of the Company law contained in the Bill rest on three key objectives: (a) enhancing shareholder engagement and a long term investment culture. (b) ensuring better regulation. (c) making it easier set up and run a company. (d) providing flexibility for the future. The terms contained in the Bill will affect the role and responsibilities of executives as I can point out and non-executives, including finance and human resource directors. ... view
• 24 May 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the Bill also seeks to introduce various new provisions of private and public companies. The Bill seeks to introduce qualifications existing under common law principles such as those relating to the director’s duties. I will be coming to them to explain how that is done. view