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{
    "id": 740545,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740545/?format=api",
    "text_counter": 139,
    "type": "speech",
    "speaker_name": "Hon. Oyugi",
    "speaker_title": "",
    "speaker": {
        "id": 444,
        "legal_name": "Augostinho Neto Oyugi",
        "slug": "augostinho-neto-oyugi"
    },
    "content": "Thank you, Hon. Speaker. It is nice speaking after the Member for Cherangany who thinks that there is a problem with having documents at Parliament. I really think that parliamentarians are supposed to read to make law so that you do not pass things you do not understand. I would like to support this particular amendment. I think the Companies Act by its own sense was one that was radically changing the sphere of registration of companies in Kenya. I really think it is one of those very good pieces of legislation that we worked on. Like the Leader of the Majority Party said when he was moving this Bill, it is not always when you pass law that you know where the problems are. You need to let the law work its course so that we know what sections of it need to be tweaked a bit so that, at least, it becomes efficient. To that extent, I think the person who did propose this particular amendment has done a fairly good job. However, even with this particular proposal, there are things that will really still need a lot more work. If you look at Clause 2(d) in terms of what it is saying in the definition of “holding company,” you will see that it says: “holding company” in relation to another company, means a company that- (d) is a holding company of a company that is that other company’s holding company.”"
}