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{
    "id": 570469,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570469/?format=api",
    "text_counter": 149,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Temporary Deputy Speaker, Part XVIII deals with certification and transfer of securities or what we call the share certificate. Part XIX is about public offers of securities by either a private or a public company. This is the part that prohibits public offer by private companies. It provides for the minimum share capital requirement of a public company. Part XX, which encompasses Clauses 520 -525 deals with redeemable shares, the power of a company to issue redeemable shares, the terms and manner of those shares and to finance redeemable shares. Part XXI deals with Treasury shares and provides for the purchase and acquisition of shares by a company or its members. Part XXII, which encompass Clauses 534 - 569, deals with information about interest in a company share. If I may jump to the most important parts of this Bill, Part XXV deals with accounting records and financial statements of a company. It provides for the procedures to be followed and how to establish two regimes of accounting procedures for large and small companies. It introduces international accounting standards as a format for accounts and reports. This is very 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."
}