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{
    "id": 699232,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/699232/?format=api",
    "text_counter": 165,
    "type": "speech",
    "speaker_name": "Hon. Moi",
    "speaker_title": "",
    "speaker": {
        "id": 2689,
        "legal_name": "Kipruto Moi",
        "slug": "kipruto-moi"
    },
    "content": "Clause 7 amends Section 36 by providing for action following investigations - a penalty of 10 per cent of the preceding year’s turnover on companies that actually violate the law or where there has been an infringement on those laws. Finally, Clause 10 amends Section 42 by changing the current situation where the mandate of the Authority was to provide exclusion of some mergers from the provision of the Act to specify that the Authority can now set thresholds for the exclusion of mergers from this Act. In other words, those whose impact is minimal may be excluded from the provisions of this Act. Finally, Clause 11 proposes a penalty of 10 per cent of the preceding year’s annual turnover on entities falsifying information leading to violation of merger requirements."
}