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{
    "id": 45806,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/45806/?format=api",
    "text_counter": 233,
    "type": "speech",
    "speaker_name": "Mr. Wako",
    "speaker_title": "The Attorney-General",
    "speaker": {
        "id": 208,
        "legal_name": "Sylvester Wakoli Bifwoli",
        "slug": "wakoli-bifwoli"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, Part III provides for the constitution of the company; it provides that a company must have Articles of Association. This part also gives the Minister power to prescribe model articles of association to make the registration of companies cheaper and easier. Members, of course, will note that when it comes to, for example, the registration of societies even now, there are models – constitutions of registered societies. So, that is a concept that we have brought to the Companies Act because we would want it to cater for the big ones which are complicated and the simple companies which are operated by just a single individual. Therefore, the Minister, under Clause 17 at page 1180, has the power to come up with model articles of association which can make it easier for somebody to read and be able to register a company, maybe, instead of going to an advocate who will charge you a lot of money."
}