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{
    "id": 570457,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570457/?format=api",
    "text_counter": 137,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "The regime for small and private companies is simplified and places greater responsibility on promoters and directors together with other company officials in the management of companies. However, companies best practices and the doing of business indicator show that the requirements of a company secretary for a private company is a hindrance to the doing of business by Small and Medium-Enterprises (SMEs). So, that is the reason why the Bill was providing for a threshold of Kshs5million. However, having considered the views of ICPAK, we came to the conclusion that probably that is a higher threshold. It should be reduced to Ksh1million. So, we will be moving an amendment to that effect."
}