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"id": 1325158,
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"type": "speech",
"speaker_name": "Sen. Seki",
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"speaker": {
"id": 13598,
"legal_name": "Samuel Seki Kanar",
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"content": "Mr. Temporary Chairman, Sir, I beg to move- THAT Clause 8 of the Bill be amended– (a) in subclause (1) by- (i) deleting paragraph (b) and substituting therefor the following new paragraph - (b) is newly registered or has been in existence for a period of not more than five years from the date of its incorporation or registration; (ii) deleting the words “is wholly” appearing before the words “owned by one” in paragraph (g) and substituting therefor the words “has at least of ninety percent of its shares”; (iii) deleting paragraph (i); and (b) by inserting the following new subclause immediately after subclause (2) - (3) The registrar or county executive committee member, as the case may be, may waive the requirement for registration under subsection (1)(a) where – (a) that person has an innovative product or service; (b) that person exhibits that they do not have the financial capability to register an entity in compliance with subsection (1)(a); and (c) the registrar is satisfied that the innovation is suitable for registration as a start- up and will benefit from admission into an incubation programme."
}