The Petroleum Products’ (Taxes and Levies) (Amendment) Bill, 2021

Proposed Provision for Amendment Proposed Amendment Our Comments Preamble The long title The Bill proposes to introduce an amendment act to amend various petroleum products’ taxes and levies related laws, restructure the management of Petroleum Development Fund, and ensure all regulations relating to taxes whether negative or positive are approved by the National Assembly. The […]

Proposed Provision for Amendment Proposed Amendment Our Comments Section 28 (1) of the KDI Act, 2012 Deletion & Substitution: The Bill proposes to amend by deleting the subsection providing for “one hundred thousand shillings” as amended vide Gazette Notice No. 159 of 2020 to “five hundred thousand shillings” and substituting it with “Kenya shillings one […]

Proposed Provision for Amendment Proposed Amendment Our Comments Title The Bill proposes to amend the title to the Act by adding the establishment of the National Health Scheme to the objects of the Act. This increased functionality is aimed at ensuring that the National Health Insurance Fund (the Fund) makes significant efforts at attaining Universal […]

Proposed Provision for Amendment Proposed Amendment Our Comments 2 a) Including the following definitions: “address” has the same meaning as assigned under the Companies Act; “alternate address” means an address used by a proprietor of a business that is not his primary address; “board” means the Board of Directors established under section 5 of the […]

Proposed Provision for Amendment Proposed Amendment Our Comments 19 Insertion of subsection 2A, which states that the Registrar shall be the Registrar of Companies appointed under section 831 of the Companies Act, 2015. Deletion of subsection 3 meaning that the Board of Service will not be the body to appoint the Registrar and the other […]