Committee on Economic Affairs

Committee on Economic Affairs' 9th Meeting 2024

15 Aug 2024 Number 9

Summary

In this meeting committee discussed about deadline for completion of the review of the Foreign Investment’s Bill, Amendment bill to the Act no:18/2014 (Business Registration Act), and Amendment bill to the Act no:2/2006 (Maldives Securities Act) and how to proceed with the bills. In this regard, Hoarafushi constituency member Ali Moosa proposed to set 21st August 2024 as a deadline to complete committee works of the bills and it was seconded by Kendhikulhudhoo constituency member Mohamed Afoo Hamid and was passed unanimously.


 Secondly, Hoarafushi constituency member Ali Moosa proposed to seek public comments for the bill and to open for public comments till 19th August 2024; and it was seconded by Kendhikulhudhoo constituency member Mohamed Afoo Hamid and was passed unanimously.

 

Furthemore, the committee discussed stakeholders related to the bill and Hoarafushi constituency member Ali Moosa proposed to to get written comments from Ministry of Economic Development and Trade and Capital Market Development Authority and it was seconded by Kendhikulhudhoo constituency member Mohamed Afoo Hamid and was passed unanimously.


Lastly, the committee began review of the amendment bill to the Act no. 23/2010 (Copyright Act) but the committee decided to postpone the review in order to allow members more time to go through the amendments proposed by Ministry of Economic Development and Trade and also to wait till committee gets further clarifications from Attorney General’s office regarding some amendments proposed.

Details of votes taken in this meeting are on  “Votes” section of this page.




Attendance

Ahmed Xamyr

Central Mahchangolhi

Absent

Ali Moosa

Hoarafushi

Present

Ameen Faisal

Kanditheemu

Present

Mohamed Afoo Hamid

Kendhikulhudhoo

Present

Mauroof Zakir

Kendhoo

Present

Ibrahim Nazil

South Hithadhoo

Present

Ismail Nizar

North Feydhoo

Present

Ahmed Siyam Mohamed

Meedhoo

Absent

Ali Fazad

Central Fuvahmulah

Present

Saudulla Hilmy

North Thinadhoo

Sick Leave

Mohamed Shamin Habeeb

Kurendhoo

Present

Votes

Vote Details

Ali Fazad

Central Fuvahmulah

Chairperson

Ahmed Xamyr

Central Mahchangolhi

Absent

Ali Moosa

Hoarafushi

Proposed By
Yes

Ameen Faisal

Kanditheemu

Yes

Mohamed Afoo Hamid

Kendhikulhudhoo

Seconded By
Yes

Mauroof Zakir

Kendhoo

Yes

Ibrahim Nazil

South Hithadhoo

Yes

Ismail Nizar

North Feydhoo

Yes

Ahmed Siyam Mohamed

Meedhoo

Absent

Saudulla Hilmy

North Thinadhoo

Absent

Mohamed Shamin Habeeb

Kurendhoo

Yes
Total
11
Yes
7
Voted
7
Present
8
No
0
Not Voted
0
Eligible
7
Abstain
0
Vote Required
4
Total
11
Present
8
Eligible
7
Yes
7
No
0
Abstain
0
Voted
7
Not Voted
0
Vote Required
4

Vote Details

Ali Fazad

Central Fuvahmulah

Chairperson

Ahmed Xamyr

Central Mahchangolhi

Absent

Ali Moosa

Hoarafushi

Proposed By
Yes

Ameen Faisal

Kanditheemu

Yes

Mohamed Afoo Hamid

Kendhikulhudhoo

Seconded By
Yes

Mauroof Zakir

Kendhoo

Yes

Ibrahim Nazil

South Hithadhoo

Yes

Ismail Nizar

North Feydhoo

Yes

Ahmed Siyam Mohamed

Meedhoo

Absent

Saudulla Hilmy

North Thinadhoo

Absent

Mohamed Shamin Habeeb

Kurendhoo

Yes
Total
11
Yes
7
Voted
7
Present
8
No
0
Not Voted
0
Eligible
7
Abstain
0
Vote Required
4
Total
11
Present
8
Eligible
7
Yes
7
No
0
Abstain
0
Voted
7
Not Voted
0
Vote Required
4

Vote Details

Ali Fazad

Central Fuvahmulah

Chairperson

Ahmed Xamyr

Central Mahchangolhi

Absent

Ali Moosa

Hoarafushi

Proposed By
Yes

Ameen Faisal

Kanditheemu

Yes

Mohamed Afoo Hamid

Kendhikulhudhoo

Seconded By
Yes

Mauroof Zakir

Kendhoo

Yes

Ibrahim Nazil

South Hithadhoo

Yes

Ismail Nizar

North Feydhoo

Yes

Ahmed Siyam Mohamed

Meedhoo

Absent

Saudulla Hilmy

North Thinadhoo

Absent

Mohamed Shamin Habeeb

Kurendhoo

Yes
Total
11
Yes
7
Voted
7
Present
8
No
0
Not Voted
0
Eligible
7
Abstain
0
Vote Required
4
Total
11
Present
8
Eligible
7
Yes
7
No
0
Abstain
0
Voted
7
Not Voted
0
Vote Required
4

Works

14 Aug 2024

Amendment bill to the Act no. 18/2014 ( Business Registration Act)

Completed

14 Aug 2024

Foreign Investment Bill

Completed

14 Aug 2024

Amendment bill to the Act no. 2/2006( Maldives Securities Act )

Completed

09 Jul 2024

Amendment bill to the Act number 23/2010 ( Copyrights & Related Rights Act )

Completed

Attendance Summary

  • Present
    08
  • Absent
    02
  • Simultaneous Committee
    00
  • Sick Leave
    01
  • Leave
    00
  • Official
    00
  • Attendance Not Required
    00

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