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{
    "id": 740497,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740497/?format=api",
    "text_counter": 91,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Speaker, I beg to move that the Companies Bill be now read a Second Time. The Companies (Amendment) Bill seeks to amend the Companies Act 2015 in order to improve the operationalisation of that Act. Kenya is part of the global market and in order to attract investments, it is imperative that the laws relating to companies be in line with the global trends and best practices. The Companies (Amendment) Bill, 2017 in not only meant to improve the provisions of the extent of directors’ liabilities, directors’ disclosure and having remedies for shareholders in case of a dispute to further protect investors. These amendments will try to see whether they can ensure the ease of doing business in our country is fast-tracked, whether we can use this law to protect minority investors and above all, these amendments want to clear the ambiguities and errors that are found in the law that we passed in 2015 which was one of the landmark pieces of legislation that the 11th Parliament can be proud of."
}