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{
    "id": 181734,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/181734/?format=api",
    "text_counter": 45,
    "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 draw the attention of the hon. Member of Parliament, who is not yet entitled to use the words: \"Senior counsel\" but a senior advocate from the United Kingdom--- I draw his attention to Section 131(2) of the Companies Act. Section 131(1) talks about the holding of annual general meetings. Section 131(2) says:- \"If default is made in holding a meeting of the company in accordance with subsection 1, the Registrar, on the application of any member of the company may call---\" So, the jurisdiction of the Registrar comes into play when there has been an application from a member or members of a company. That is one option. The other option for the shareholders is under Section 132 of the Companies Act which empowers shareholders of the company to requisition to the directors for a meeting. If the directors fail to convene one within 21 days, the shareholders themselves will convene a meeting. That is another option. If they take either of these two options, I think I can convince the Registrar of Companies to be present at the meeting that I have been called to attend as an observer to ensure due compliance in accordance with the law. Those are the two options that they can take."
}