Business Trends

Banking and finance News,stock watch, economic report and investment tips and avenues.

Monday, 4 June 2012

UNCLAIMED FINANCIAL ASSETS LAW(UFAL) 2011... In december of 2011 Kenya president Mwai Kibaki passed into the law the bill of unclaimed financial bill of 2011 . The law provides a legal framework for dealing with unclaimed financial assets. Did somebody in your family passed away but you did know that she/he had invested in stocks of certain company, you will have a chance to claim it through unclaimed financial assets authority. It believed that there are more than 200 billion of unclaimed assets held by banks and pension and insurance firms. The fund accumulated will be used by government until its reguired by the owners or the next of kin. This assets include money orders, cheques, drafts, demand and savings also include endowment insurance policies or annuties ownership of shares, stocks, or interest in a business assets also uncollected pension funds held by national security insurance funds. Although to date the minister for finance has no appointed those to sit in authority six months after the bill was passed. kenyans should be educated on the proçess they have to follow to shorten the inguiry of the late assets

admin Banking And Finance Home at 09:29
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Banking And Finance Home
Blogger and Finance Consultant
Newer Posts Older Posts Home
Subscribe to: Posts (Atom)
trending ceo
Image by Cool Text: Free Graphics Generator - Edit Image

Popular Posts

  • ADVANTAGES AND DISADVANTAGES OF INTERNAL CONTROL SYSTEM
    ADVANTAGES AND DISADVANTAGES OF INTERNAL CONTROL SYSTEM Advantages of ICS to the Auditor a) ICS will reduce the amount of audit work t...
  • Debenture
    A long-term debt instrument issued by corporations or governmentsthat is backed only by the integrity of the borrower, not by collateral. A ...
  • Registrar
    Registrar – Usually a trust company or bank charged with the responsibility of keeping record of the owners of a corporation's securitie...
  • MasterCard sells its data to marketers
    The credit card company’s MasterCard Advisors Media Solutions Group is able to provide companies with information telling them when customer...
  • Capital Appreciation Fund (CAF)
    Capital Appreciation Fund An investment fund that seeks growth in share prices by investing primarily in stocks whose share prices areexpect...
  • (no title)
  • Economic unit concept
    A concept of consolidated financial statement of a parent company and one or more partially owned subsidiaries that views the consolidated e...
  • SELF-MADE MILLIONAIRES: Best Small Business ideas
    SELF-MADE MILLIONAIRES: Best Small Business ideas : Are you an entrepreneur looking for the best small business ideas? Do you need a list of...
  • ADVANTAGES AND DISADVANTAGES OF INTERNAL CONTROL SYSTEM
    ADVANTAGES AND DISADVANTAGES OF INTERNAL CONTROL SYSTEM Advantages of ICS to the Auditor a) ICS will reduce the amount of audit work t...
  • Banks Found Australia full list
    ADELAIDE BANK LIMITED +61 8 8300 6000 ADVANCE BANK AUSTRALIA LIMITED +61 2 9236 1511 ALLIED BANKING CORPORATION AUSTRALIA +61 2 9415 4643 ...

HOME

  • NEWS
  • tech news
  • buness news
  • Home
  • NEWS
  • TECH NEWS
  • captain of industry
  • The Trend

About Me

My photo
Banking And Finance Home
Blogger and Finance Consultant
View my complete profile

Blog Archive

  • ►  2014 (25)
    • ►  August (1)
    • ►  July (3)
    • ►  June (7)
    • ►  May (1)
    • ►  April (2)
    • ►  March (9)
    • ►  January (2)
  • ►  2013 (66)
    • ►  December (2)
    • ►  October (2)
    • ►  August (2)
    • ►  July (10)
    • ►  June (4)
    • ►  May (5)
    • ►  April (12)
    • ►  March (9)
    • ►  February (11)
    • ►  January (9)
  • ▼  2012 (708)
    • ►  December (98)
    • ►  November (342)
    • ►  October (144)
    • ►  September (6)
    • ▼  June (1)
      • UNCLAIMED FINANCIAL ASSETS LAW(UFAL) 2011... In de...
    • ►  May (13)
    • ►  April (1)
    • ►  March (1)
    • ►  February (99)
    • ►  January (3)
  • ►  2011 (22)
    • ►  October (5)
    • ►  September (16)
    • ►  August (1)
  • News
  • Business
  • Tech
  • Sports
  • News
  • Business
  • Tech
  • Sports
ray money inc 2015 all rights reserved. Simple theme. Powered by Blogger.