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"type": "speech",
"speaker_name": "Moiben, JP",
"speaker_title": "Hon. Silas Tiren",
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"id": 2364,
"legal_name": "Silas Kipkoech Tiren",
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"content": "(4) The remuneration paid to a tea broker by a tea factory limited company and a tea buyer or exporter for services rendered shall not exceed zero point seven five per centum of the gross sales by the broker. (6) A person who contravenes subsections (2) and (4) commits an offence and shall, on conviction, be liable to imprisonment for term not exceeding three years or to a fine not exceeding five million shillings or to both. Registration of a Management agent. 24I. (1) Every management agent shall register with the Board. (2) A person shall not perform or offer professional services to a tea factory unless the person is registered in accordance with this Act. (3) Every management agent shall submit annual returns to the Board and a copy to the respective county government in the form prescribed. (4) The Cabinet Secretary shall prescribe regulations providing for the procedure for registration of a management agent and the appeal process in case of refusal or denial of registration. (7) A person who contravenes this section commits an offence and shall, on conviction, be liable to imprisonment for term not exceeding three years or to a fine not exceeding five million shillings or to both. Management agent agreement. 24J. (1) A person who intends to manufacture or deal in tea may engage the services of a management agent upon such terms and conditions as may be agreed in the management agreement tween them. (2) A management agent shall sign a management agreement with each tea factory limited company that they intend to offer management agent services to. (3) A management agreement between a management agent and a tea factory, shall be— (a) submitted to the Board for review and approval before execution by parties; and (b) for a period of five years, and may be renewed upon expiry at the discretion of the tea factory. (4) The remuneration for services rendered by a management agent to a tea factory limited company shall not exceed one point five per centum of the net sales value of the tea sold per year. (5) The staff costs for personnel seconded to the tea factory limited company by a management agent shall be borne by the management agent. (6) Company Secretarial services shall be excluded from services to be offered by a management agent to a tea factory limited company. (7) A tea factory shall recruit its own in-house Company Secretary or outsource the service. (8) Despite subsection (7), a tea factory may enter into an arrangement with one or more tea factories to have a joint in-house Company Secretary. (9) A director of a tea factory shall not serve as a director in another company having a direct or indirect commercial relationship with the tea factory where the person is serving as a director. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}