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{
    "id": 740499,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740499/?format=api",
    "text_counter": 93,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Clause 8 of the Bill proposes to amend Section 93 of the principal Act. It is at the back of the Bill. The amendment to Section 93 of the Act wants to expand the application in terms of the ownership of a company. It wants to expand the application to include information relating to the beneficial owners of the company. This clause also tries to propose to amend Section 9 by excluding public quoted companies from launching a copy of any amendment made within a period of 14 days after any changes are made to the registrar. The registrar or the register can change daily. So, it is giving a timeframe for public quoted companies. They cannot launch a copy of any amendment unless it is done within 14 days. Clause 10 of the Bill proposes to amend Section 123 of the principal Act. This is to expand the definitions of the members of the director’s family to include a brother, sister, grandchild or a spouse of the director. All this is done within the reading of transparency and 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."
}