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{
    "id": 573941,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/573941/?format=api",
    "text_counter": 70,
    "type": "speech",
    "speaker_name": "Hon. Mbui",
    "speaker_title": "",
    "speaker": {
        "id": 1750,
        "legal_name": "Robert Mbui",
        "slug": "robert-mbui"
    },
    "content": "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 we have had companies formed, operated and proceeded to fleece the general public, their own members and sometimes creditors. So, this Bill seeks to regulate the operation of companies so that this problem can become a thing of the past. This has been a problem because of poor, or no regulation of companies. I have read through this Bill and it has very important clauses that will enable us to move the country forward in terms of operation of businesses. We also understand that once trust is lost then money will get lost."
}