Parliament of KenyaBillGovernance and public finance
The Business Laws (Amendment) Bill, 2024
11 Nov 2024Parliament bills
The brief
- Issued by
- Senate, Aaron Cheruiyot, Leader of Majority Party.
- Who it affects
- Foreign direct investors and facilitators for foreign investors; business process outsourcing companies and providers of information technology services; employees working remotely or on-site; affordable housing; chargees; counterfeit goods; the Anti-Counterfeit Authority and its Board.
- What changed
- Amends the Investment Promotion Act, Employment Act, Occupational Safety and Health Act, Affordable Housing Act, Land Act and Anti-Counterfeit Act to create a conducive environment for doing business; provide for registration and facilitation of foreign direct investment; recognise remote locations as workplaces; reduce affordable-housing timelines; and provide for disposal of counterfeit goods, penalties, fixed Board terms and quorum.
- Amounts
- KES 2,000,000.00 — fine not exceeding two million shillings for a person convicted of the offence of dealing in counterfeit goods