Entry Instance

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{
    "id": 576864,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/576864/?format=api",
    "text_counter": 427,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "(2a) Where in pursuance of this section, a company has redeemed or is about to redeem any preference shares, it shall have power to issue shares up to the nominal value of the shares redeemed or to be redeemed as if those shares had never been issued and, accordingly, the share capital of the company shall not for the purpose of any enactments relating to stamp duty, be deemed to be increased by the issue of shares in pursuance of this subsection. (2b) Despite subsection (2a), where new shares are issued before the redemption of the old shares, the new shares shall not, so far as relates to stamp duty, be deemed to have been issued in pursuance of this subsection unless the old shares are redeemed within one month after the issue of the new shares."
}