{"id":578241,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/578241/?format=json","text_counter":178,"type":"speech","speaker_name":"Hon. (Eng.) Gumbo","speaker_title":"","speaker":{"id":24,"legal_name":"Nicholas Gumbo","slug":"nicholas-gumbo"},"content":"Hon. Temporary Deputy Chairlady, if you look at the Bill, you will notice that the marginal note talks about the circumstances under which a company may be liquidated by the court. The import of this amendment, which I agree with and support - if you go back to where we started, the Insolvency Bill came before the Companies Bill but--- The Insolvency Bill makes a lot of references to the Companies Bill. That is consequential because a company cannot become insolvent until it is formed. The fact that the Departmental Committee on Justice and Legal Affair brought the Companies Bill before the Insolvency Bill is a very smart move. This reference allows that even when we have rearrangement of clauses, we will still be sticking references with the Companies Act. I support."}