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{
    "id": 901315,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/901315/?format=api",
    "text_counter": 354,
    "type": "speech",
    "speaker_name": "Baringo North, JP",
    "speaker_title": "Hon. William Cheptumo",
    "speaker": {
        "id": 50,
        "legal_name": "William Cheptumo Kipkiror",
        "slug": "william-kipkiror"
    },
    "content": "amendments is that it is either the Memorandum or Articles of Association which allow the company to allot shares or the directors to make that resolution. So, we felt it was good to give powers to the company. This is because if you want to allot shares and you give that power to the directors alone without the resolution of the majority of the shareholders, you can easily prejudice some of those shareholders in that company. So, we want to allow the owners of that company to be briefed, to pass the resolution and be able to allot shares to whoever they want to allot shares to. Let me say that the rest of the proposed amendments which we have allowed and the ones we did not allow are very clear in our report. For the other committees, the report is in Table Office. I would like to request all Members of this House so that as we do the Second Reading of this Bill and as we go to the Third Reading, to have those reports and relate to the respective statutes, look through them so that we have a very informed debate as we proceed in the Second and the Third Readings when we come back from recess. I just want to say that we should never use this Statute Law (Miscellaneous Amendments) Bills to sneak in amendments which have material consequences especially to certain laws. We should use the Statute Law (Miscellaneous Amendments) Bills to just go for minor amendments that can realign our laws within the changing times. With those remarks, I beg to second and request Members to secure copies of these Reports in Table Office so that we have a very informed debate in the House as we go to the Second Reading and Third Reading. Thank you, Hon. Temporary Deputy Speaker."
}