Abdulswamad Sheriff Nassir

All parliamentary appearances

Entries 791 to 800 of 1018.

• 6 Aug 2015 in National Assembly: Thank you, Hon. Temporary Deputy Chairlady. I just felt that it is prudent for me to formally withdraw my amendment so that we are all in agreement. So, I formally withdraw my proposed amendment to Clause 711. As the Chairman rightly put it, clauses 624, 625 and 711 are inter-linked. view
• 29 Jul 2015 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I agree with my colleagues. It is only fair and besides, we can go with the limit of 45 minutes bearing in mind the number of Members currently in the Chamber. We can still exhaust all those issues in the stipulated 45 minutes and give time to whoever has been able to do a bit of research to ventilate. Three minutes is for those who have not done much research. So, they would be shouting in the three minutes. view
• 29 Jul 2015 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. I wish to support this Sessional Paper. However, I would like to give a point of information as a reminder to all of us. This Sessional Paper is dated 2013. Initially, it was tabled in December 2013 and then it was tabled again in March of 2014, whilst it is being debated at the end of July 2015. This Sessional Paper is meant to give an overview of industrial training and attachment which is very vital for employment, especially of the youth of this country. Let me give the history of industrial ... view
• 29 Jul 2015 in National Assembly: amendment to establish the National Industrial Training Authority and the National Industrial Training Board was made. Let us remind ourselves on the pace at which we need to be moving as a country. The First World War was fought between July 1914 and November 1918. Thereafter, there were a series of treaties that were signed. The last one was that of 24th July, 1923. When it had already been seen that there was not going to be a level of war anymore, soldiers had to be demobilised. I am taking us back into history to see what we are capable ... view
• 28 Jul 2015 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. I would like to thank my colleague for generously giving me a chance. I would like to quickly point out a few issues that are in this Bill. It is an 843-page document and in these pages, in particular No. 244(1), a private company is required to have a Secretary only if it has a paid up capital of Kshs5 million or more. I have already sent my proposed amendments to the Speaker’s office and the Clerk’s office, which say that a private company is required to have a Secretary only if ... view
• 28 Jul 2015 in National Assembly: The biggest issue is in Clauses 624 of this Bill which says that a company qualifies as small in relation to its first financial year if the following conditions are satisfied in that year. I want to go to Clause711 which deals with the issue of how to justify a small company as a company that has a turnover of not more than Kshs720 million. The value of its net assets as shown in its balance sheet at the end of the year is not more than Kshs360 million and it does not have more than 50 employees. Probably, we ... view
• 28 Jul 2015 in National Assembly: Secondly, I understand that the framers of this Bill found it easy to copy and paste. This Bill has been copied and pasted from the United Kingdom (UK) Companies Act. If you go to the website www.gov.uk/ audit exemptions for private limited companies, you will find that it is actually word for word. view
• 28 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, I wish to quote the UK Act: “When a company has an annual turnover of no more than £6.5million; has assets worth no more than £3.26million; has 50 or fewer employees on average.” 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. view
• 28 Jul 2015 in National Assembly: The registered companies that are in Kenya right now--- view
• 28 Jul 2015 in National Assembly: Thank you very much, Hon. Temporary Deputy Speaker. Currently, the registered companies in Kenya are 191,692. Those qualifying for a threshold of Kshs500 million or more are only 1,060 as at September, 2010. About 125 of these are Government entities. This means that we are going to have a large number of companies not being audited at all. If we are going to look at this in terms of other people’s financial standing, it becomes a bit dangerous. So, I have given the leeway to the Cabinet Secretary in charge of Finance to vary that particular clause. It is important ... view