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{
    "id": 181729,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/181729/?format=api",
    "text_counter": 40,
    "type": "speech",
    "speaker_name": "Mr. Wako",
    "speaker_title": "",
    "speaker": {
        "id": 208,
        "legal_name": "Sylvester Wakoli Bifwoli",
        "slug": "wakoli-bifwoli"
    },
    "content": "Mr. Deputy Speaker, Sir, I wish I was an advocate in the private sector, then I would give an appropriate legal advice on payment of deposits against my fees! But as the Attorney-General, the members have a number of options open to them. The Companies Act does not envisage the Registrar of Companies to intervene all the time in the affairs of the companies because companies are by nature private. The Companies Act gives powers to the shareholders to take appropriate action and use their initiative to ask the Registrar of Companies to take some action. One of the actions that the members can take, if they are many, is to make an application to the Registrar of Companies to requisition a general meeting of the company. If that happens, then the Registrar of Companies, on an appropriate application, can requisition a general meeting. The other one is Section 132---"
}