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{
    "id": 573926,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/573926/?format=api",
    "text_counter": 55,
    "type": "speech",
    "speaker_name": "Hon. G.W. Omondi",
    "speaker_title": "",
    "speaker": {
        "id": 1169,
        "legal_name": "George Washinton Mallan Omondi",
        "slug": "george-washinton-mallan-omondi"
    },
    "content": "Hon. Deputy Speaker, this clause of the Bill provides that companies which have a capital of Kshs5 million or below can do self filing of secretarial matters at the Companies Registry. This will encourage individuals to go ahead and form their companies because expenses have been reduced. Finally, Clause 779(1) is on the approval of foreign qualified accountants. I think there should be an amendment to this clause, which I am going to bring; it gives the mandate to approve foreign accountants or auditors to the Cabinet Secretary. I recommend that it should be done with the recommendation of the Institute of Certified Public Accountants of Kenya. They should give recommendations to the Cabinet Secretary on the qualifications of foreign professionals. I will be bringing an amendment to this clause at the Committee Stage of this Bill. 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."
}