Robert Mbui

All parliamentary appearances

Entries 841 to 850 of 970.

• 5 Aug 2015 in National Assembly: Finally, the length of our term would be short. We will have run for about four years and two months if we do not make this change. I support the Bill on those grounds. view
• 5 Aug 2015 in National Assembly: Thank you for the opportunity. view
• 29 Jul 2015 in National Assembly: Thank you, Hon. Deputy Speaker, for this opportunity to make my contribution on the Companies Bill, 2015. I have just observed that Members are being given 45 minutes each to contribute to this Bill. Unless you are stammering, it is quite a big job to come up with content for all that time. Nevertheless, the House made a good decision because this is a Bill with has 1,027 clauses that need to be interrogated by this House. This Bill seeks to consolidate and reform the laws that lead to the incorporation, registration, operation, management and regulation of companies. It is ... view
• 29 Jul 2015 in National Assembly: to form a company. So, this Bill is extremely important in ensuring that citizens who want to set up businesses in a proper manner are given the right opportunity. Clause 2 states the objects of this Bill. It says that: “The objects of this Act are to facilitate commerce, industry and other socio-economic activities by enabling one or more natural persons to incorporate as entities with perpetual succession, with or without limited liability, and to provide for the regulation of those entities in the public interest and, in particular, in the interest of their members and creditors.” In the past ... view
• 29 Jul 2015 in National Assembly: On the part of incorporation of companies, clauses 5 to 10 provide some of the things that anyone who wants to start a business needs to understand. There are several types of companies that have been provided for in this Bill. The first one is limited company, those that are limited by shares and those limited by guarantee. Companies limited by shares are those where the liability of the members is limited to any amount unpaid on the shares that members are holding. Companies limited by guarantee, first and foremost, are those that do not have share capital and the ... view
• 29 Jul 2015 in National Assembly: In the registration of these companies, the liability of members is supposed to be stated, whether by shares or by guarantee and the type of company, whether private or public is also supposed to be stated. There is also a statement of capital that indicates the initial shareholding and a statement of guarantee. Finally, there has to be a statement of the company’s proposed officers. These proposed officers are the directors, assistant directors, company secretary and anybody who is designated as a signatory to the company’s accounts. The law is clear that unlawful companies may not be registered. It is ... view
• 29 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, the final effect of registration means that a company becomes a body corporate with the rights to do anything that an incorporated company can do. I would like to point out that in this country there have been major difficulties for anyone who wanted to set up business. I want to quote Peter Odeng’ in his book How to start your own smallbusiness . He says that 50 per cent of new business start-ups will actually die out by the end of the first year and 75 per cent of those that succeed will shut their ... view
• 29 Jul 2015 in National Assembly: We have come a long way. A long time ago when I came out of the university, I attempted to get into business. What the Cabinet Secretary for Devolution and Planning has done with the concept of Huduma Centres is an excellent idea. I was making shoes for ladies in my backyard straight after university. The first thing I discovered was that there are so many Government offices and departments that are interested in knowing what you do. The minute I registered a company, there were people coming to my door. The first ones were the National Social Security Fund ... view
• 29 Jul 2015 in National Assembly: In order to operate, all companies require a constitution. This Bill has clauses that deal with that. They insist that every business must have articles of association. The regulations that will be made under this Bill are going to prescribe model articles of association. There will be different model articles of association for different companies. In the past we have had almost the same memorandum of association used by almost all companies. It is cut and paste that legal officers do. So you find that if you are in manufacturing, service, retail, transport and education basically the memorandum and articles ... view
• 29 Jul 2015 in National Assembly: Bill, we are coming up with a model that is for different types of companies, so that every area can be catered for properly. view