Samuel Kiprono Chepkonga

All parliamentary appearances

Entries 1641 to 1650 of 3315.

• 9 Jul 2015 in National Assembly: Thank you, Hon. Deputy Speaker. Since the appeal has come from the Deputy Speaker herself - you know I have a lot of respect for you - the mentioned persons, including the Leader of the Majority Party will benefit from my donation of time. So, that makes a total of about four minutes and I will remain with two minutes to conclude. view
• 9 Jul 2015 in National Assembly: I rise pursuant to Standing Orders No.83 and 96 with regard to adjournment of debate. I move that the debate be now adjourned to enable further consultations before this matter comes back. I thank you, Hon. Speaker. view
• 9 Jul 2015 in National Assembly: Hon. Deputy Speaker, I would like to take this opportunity to thank every Member who has contributed and supported the Bill. Hon. Deputy Speaker, I beg to move that The Vetting of Judges and Magistrates (Amendment) Bill be now read a Second Time. view
• 9 Jul 2015 in National Assembly: Yes, I was. I thank you, Hon. Deputy Speaker. view
• 9 Jul 2015 in National Assembly: I thank you, Hon. Deputy Speaker. This is resumption of debate which we commenced yesterday. As you know, this is a very important Bill to the Government and Kenyans because Kenya has been rated as the poorest country in terms of ease of doing business. This is because of a very archaic and backward legislation that was incorporated in 1962; which was substantially borrowed, word for word, from the 1948 Companies Bill of the United Kingdom. The UK Bill of 1948 was overhauled and there is a new Bill at the moment. In fact, the Act itself has been subjected ... view
• 9 Jul 2015 in National Assembly: are unable to explain how they registered this company. So, we are seeking to do away with that sort of cheating in terms of incorporating companies. Hon. Deputy Speaker, the language used is also very simple and clear. We have ensured that there is clarity in this law now. You can even do it yourself. You can register a company without having a Memorandum and Articles of Association. The reason this Bill is very bulky is because you can be granted a certificate without the necessity of having a Memorandum and Articles of Association. You only comply with what is ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, with regard to the formation of companies, there will be a separate model of Articles of Association for private companies that will contain the minimum key rules on the internal workings of the company. The aim is to make them shorter and clearer. On the same note, the Bill now makes it possible for one person as I have said to form a company. Thus the concept of a one-person-company is being introduced in Kenya for the first time, and that is contained under Clause 11(1) of this Bill. view
• 9 Jul 2015 in National Assembly: Clauses 54, 52 and 53 of the Bill make clear indication of the type of the company, whether it is a public or a private company. A public limited liability company will now go by the initials “PLC” so that it can be different from a limited liability private company. Private companies will now go by the initials “LTD” as opposed to all companies whether private or public. At the moment, this is contained in Cap.16 (486) of the Companies Act. It does not differentiate between a public company and a private company. What this Bill does is to introduce ... view
• 9 Jul 2015 in National Assembly: Hon. Temporary Deputy Speaker, this Bill makes it clear on registration or re- registration. Clauses 69 to 91 make it possible for companies to re-register from either a private company to a PLC or vice-versa. That is conversion. You can now convert a company either way. You can have a private company today and then tomorrow you change it to a PLC. That is contained from Clause 69 to 92. This procedure will ensure that the company can re-register to ensure that there is continuity of business in whichever form you would like to continue. view
• 9 Jul 2015 in National Assembly: The requirements of the Company Secretary have been very contentious. This is provided for in the current Bill. We went through the first Bill which was withdrawn by the Leader of the Majority Party because we had 900 amendments to 1,076 Clauses. When we went through this Bill, we reduced the Clauses from 1,076 to 1,027. This was as a result of the 900 amendments that were proposed by the Committee which we tabled in this House. So, the importance of company secretaries in the management of companies is very important in this Bill. However, The electronic version of the ... view