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Bill: Companies Act (Aug 4426) - Liberty
Details
Submitted by[?]: Liberty Party
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: March 4429
Description[?]:
| Liberty propose to streamline the way business is conducted in Beluzia and in the process create a much more transparent system. Article I - Registration i) All companies are required to register their organization and any parent and subsidiary companies associated with it. ii) This registration is also considered a license to conduct business. iii) Registration also carries with it an agreement to liability. Article II - Executives i) Companies are required to maintain an up to date list of executives including but not restricted to; directors, chairman, presidents and board members. Article III - Tax Compliance i) Companies are required to lodge a yearly tax return. ii) Companies are subject to the rate of taxation as set by the Congress of Beluzia. iii Companies are subject to the laws as set by the Congress of Beluzia. Article IV - The Tender Process i) Companies undertaking major projects. Herein considered any project costing more than b250,000 must submit to a tender process in the interests of transparency. ii) Tender processes are initiated with an Expression of Interest wherein a selection will be made based on proposals submitted. iii) In the case of major contracts relating to government works Congress will need to award a contract through a majority vote. Article V - Contracts i) Once awarded all contracts are considered legally binding. Article VI - Compliance i) Companies failing to comply with these regulations will be subject to fines, loss of license, de-registration or, for individuals, a custodial sentence as decided by the courts of Beluza. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 18:33:56, July 20, 2018 CET | From | Beluzian Party | To | Debating the Companies Act (Aug 4426) - Liberty |
| Message | Article IV is wrong, should be the respective cabinet member will give out gorvernment contracts. Article III will be hard to play , a year is a few days. |
| Date | 21:09:48, July 20, 2018 CET | From | Liberty Party | To | Debating the Companies Act (Aug 4426) - Liberty |
| Message | We are dealing with government bureaucracy. It is slow, it is laborious. It is subject to whim and fancy. Open tendering is no different in this respect. This is meant to mimic the time consuming process it takes to build projects. If a minister simply okayed a major project 'in camera' it would needlessly bypass involvement of all players and kill an avenue of discussion and RP. I don't envisage anyone having to fill out a tax form. I am not a sadist. It will be assumed. But this document will lend weight to the process, I believe. |
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Voting
| Vote | Seats | ||||||
| yes |
Total Seats: 637 | ||||||
| no |
Total Seats: 113 | ||||||
| abstain | Total Seats: 0 |
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| Random quote: "Let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred." - Martin Luther King Jr. |