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{
    "id": 857311,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/857311/?format=api",
    "text_counter": 2205,
    "type": "speech",
    "speaker_name": "Baringo North, JP",
    "speaker_title": "Hon. William Cheptumo",
    "speaker": {
        "id": 50,
        "legal_name": "William Cheptumo Kipkiror",
        "slug": "william-kipkiror"
    },
    "content": " Hon. Temporary Deputy Chairman, I beg to move: THAT, the Schedule to the Bill be amended in the proposed amendments to the Companies Act by – (a) deleting the proposed new Section 275A; The rationale for this amendment is that the provision relates to the convening of an annual general meeting (AGM) and proposes to penalise companies that fail to convene an AGM every year as required. Section 310 of the same Act has very clear provisions as to the penalties that will always be available if a company does not hold AGM meetings. We feel that having that provision is repeating what is already in the Act."
}