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{
    "id": 567548,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/567548/?format=api",
    "text_counter": 573,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I beg to move that The Companies Bill (National Assembly Bill No.22 of 2015) be now read a Second Time. This Bill is coming to the House for the second time. In fact I am told, it is now coming for a third time. It was brought to the House for the first time during the Tenth Parliament. It came last year as Companies Bill, 2014 and it was referred to the Departmental Committee on Justice and Legal Affairs. We went through it and made 900 amendments. As a result of that, it was decided that it will be prudent and wise to withdraw the Bill in the format it was so that it could be republished taking into account all the amendments that the Committee had made. Again, it would have been very untidy. It would have meant that I was going to stand up 900 times. It would have taken us a minimum of seven days to move all those amendments because every time you have to give reasons when moving. That notwithstanding, this Bill has now come and it is in very clean form. An effective framework of company law and corporate governance promotes enterprise and stimulates investment. The reason Kenya is ranked very low in terms of doing business is because of the companies law. The companies law in place is the 1944 United Kingdom Act which was enacted in 1962 as our Companies Act."
}