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{
    "id": 570453,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570453/?format=api",
    "text_counter": 133,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "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 differences between a private company and a public liability company. This will make it easier for members of the public to know from its name the type of company they are dealing with."
}