6 Aug 2015 in National Assembly:
Hon. Temporary Deputy Chairman. I beg to move:- THAT, Clause 976 of the Bill be amended— (a) by deleting sub-clause (2) and substituting therefor the following new sub-clause— “(2) The Registrar shall approve the application for registration and register the company by entering its name and other particulars in the Foreign Companies Register if the application— (a) contains the information prescribed by the regulations for the purposes of this section; 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.
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6 Aug 2015 in National Assembly:
(b) demonstrates that at least thirty per cent of the company’s shareholding is held by Kenyan citizens by birth; (c)is accompanied by the prescribed fee, if any, and the required documents; and, (d)complies with the requirements of this Part with respect to the company’s name and the appointment of a local representative” (b)in sub-clause (3)(c) by inserting the words “and shareholders” immediately after the word “directors”. This relates to registration of foreign companies. This is to make sure that, as the US President said, Africa and Kenya are on the move, and that he was in Kenya because he wanted ...
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6 Aug 2015 in National Assembly:
Hon. Temporary Deputy Chairman, I stand to support the amendment. However, as we pass this Bill, we should look forward to what might happen to future generations. People might marry from outside and have civil partners. As much as I support the amendment, we should look to the future.
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5 Aug 2015 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I would also like to thank the Mover for giving me an opportunity to contribute to this Bill. I support the Bill and the amendment. It has come to our knowledge that this Constitution needs serious amendments. We need to constitute a body, as a country, to look into our Constitution. It is a challenge to the President and the Executive that they need to help us constitute a body that will look into our Constitution. Such a body will tell us the amendments we need to do. Those that need to go to ...
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4 Aug 2015 in National Assembly:
Thank you, Hon. Deputy Speaker for giving me an opportunity to support this sessional paper and make my contribution not only as a Member of Parliament, but also as a Member of the Committee responsible for social welfare. The country is making steps towards the right direction in taking care of vulnerable people in the society. A country that does not move with the below average people is a country that will never go far. As a country, we need to make sure that as the economy grows, every citizen of this country gets to grow with it, otherwise we ...
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29 Jul 2015 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker for giving me an opportunity to contribute on this Bill. This is a very big and important Bill. I am not going to bore the House and the nation by going through all what my honourable colleagues have said but I have only one interest that I want to contribute on. 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.
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29 Jul 2015 in National Assembly:
First of all, it is the issue of forming companies easily. We are living at a time in Kenya when the interest of many people is to be part of the development of this country. Since the Jubilee Government came into power, they have really pushed for the women, youth and people with disabilities to be awarded 30 per cent of the tenders. For you to get a tender in this country, you have to make sure that you have a company. That is the problem that people are facing. I have been looking at this Bill and I have ...
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29 Jul 2015 in National Assembly:
Some of us who went to primary school long time ago before the education system changed know many of these things that we read in this Bill right now, like how to register companies and issues of shareholdings and directors. We learnt all those things when we were in primary school under the subject of business. The subject is not taught now and kids do not have an opportunity to learn how to form companies at a younger age. So, we have to wait until people are old and already out of schools to teach them. It becomes very difficult ...
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29 Jul 2015 in National Assembly:
My next concern is about foreign companies in this country. This Bill has come at the right time when we have had the Global Entrepreneurship Summit (GES) in this country. The USA President, Barack Obama came and talked a lot about exposing Kenya to the rest of the world. We have a lot of people who want to come to this country. We also need to be very keen and make sure that as our economy grows, the people on the ground also grow. We need to protect our local companies from the influence and influx of foreign companies. If ...
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