Eng. Nicholas Gumbo

All parliamentary appearances

Entries 1141 to 1150 of 3504.

• 29 Jul 2015 in National Assembly: condemned. I am glad that the Committee has taken it up. We want it to be followed up to its logical conclusion. view
• 29 Jul 2015 in National Assembly: Thank you. view
• 29 Jul 2015 in National Assembly: Hon. Deputy Speaker, thank you so much for giving me the opportunity to contribute to this Bill. As I contribute, allow me to start by thanking the Departmental Committee on Justice and Legal Affairs for having done a fairly good job in going through this Bill. As you know, this Bill is very voluminous. Those who have endeavoured to go through it know that it is a fulltime job. The Bill has 804 pages, 1,027 clauses, 42 parts and each part is divided into several divisions. It is one of what you would call an abnormal Bill. In that context, ... view
• 29 Jul 2015 in National Assembly: Clear and simplified definitions and meanings for all the terminologies used in the Bill should be provided in Clause 3. In particular, I am of the view that clear definitions should be provided for the following: “private company, private limited company, limited company, public company, public limited company and limited private company”. A clear meaning of the term “quasi-loan” should also be provided. The meaning and distinction between shares and stocks should be explained. The meaning of “nominal value of shares, equity securities, treasury shares and subscribers of memorandum” should be stated. Even simple terms like “mergers, asset, liability, share ... view
• 29 Jul 2015 in National Assembly: Hon. Deputy Speaker, these terminologies should be defined, if possible in the simplest language possible devoid of all forms of jargon and grand eloquence so that the Kerubos, Naliakas, Wangaris, Achiengs, Chepkiruis, Wanjas, Wangeshis and Halimas of Kenya are not unduly scared of the business world. Madam Speaker, I have noticed that the objective of the Bill, as it is now, is very noble. It is to facilitate commerce, industry and other socio-economic activities by enabling one or more persons to form any corporation as legal entity with perpetual succession, with or without limited liability, and to provide for the ... view
• 29 Jul 2015 in National Assembly: our country, it should not be confused with empowering foreigners. This is because there is no country in the world which can grow by having the empowerment of foreigners at its primary agenda. Hon. Deputy Speaker, I think as we discuss this Bill, all of us must be not only converts but also disciples of pursuit of wealth through labour, commitment, honesty, hard work and respect for the rights of fellow citizens and humanity in general. I have disputed this notion that acquiring wealth in itself can be bad. Some people tend to think that when we make our people ... view
• 29 Jul 2015 in National Assembly: turnover to be less than Kshs100 million, net assets less than Kshs50 million and employees earning less than Kshs30 million when we define small companies. I would want to believe that, that is the definition captured under the Small and Medium-sized Enterprises (SMEs) at the moment. Under the same clause, the mandate given to the Capital Markets Authority (CMA) under Part XXIV, which is on company takeover, is laudable because it is wider and more acceptable as it now includes non-listed companies. If you look at the current Capital Markets Authority Act, it only extends the mandate of the CMA ... view
• 29 Jul 2015 in National Assembly: now truly captures the aspirations of Kenyans; the law that we have is not as good. To the Committee and my good friend Hon. Chepkong’a, this is a very good start. Please, allow those of us who have already read this Bill as we go forward - I know you have proposed some amendments and maybe it would be in your interest that we restrict those amendments as much as possible--- You realise that there are so many bits and pieces, cross-referencing, wrong terminologies and so on, based even on your own Report. This is a big Bill and it ... view
• 29 Jul 2015 in National Assembly: Hon. Deputy Speaker, I thank you for giving me the opportunity to contribute to this Motion by my good friend, the Hon. John Waluke, in its amended form, which says: “and further that the Government in turn considers proper remuneration, accommodation and welfare of all police officers.” Hon. Deputy Speaker, growth is a natural process. Every living thing aspires to grow. Every human being aspires to grow, whether it is in profession or at work. I would be very surprised if 30 years from now there would be any Member of this House who would be comfortable to just remain ... view
• 29 Jul 2015 in National Assembly: when you read that some of these officers were bundled into lorries like sardines from their stations upcountry, brought to the city, taken to some godforsaken hostels in the eastern side of town and nobody cared how they ate or went back. Is this how you treat responsible people? Are we now waiting for another scandal to come up? Can we be told why nobody provided for the upkeep of the thousands of police officers who were brought to enhance security in the City? When you hear things like this, you become very sad. As representatives of the people, we ... view