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{
    "id": 912988,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/912988/?format=api",
    "text_counter": 13,
    "type": "speech",
    "speaker_name": "Hon. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Members, I wish to convey the following Petition. Standing Order No. 225(2)(b) requires the Speaker to report to House any petitions other than those presented by a Member. I, therefore, wish to report to the House that my Office has received a Petition submitted by, one Mr. Samuel Matheri Hongu, on behalf of Midlands Limited as a shareholder. The Petitioner is praying that the House investigates the conduct of the Registrar of Companies and the Registrar General. The Petitioner claims that by knowingly ignoring the fact that the above mentioned company has not held any annual general meeting since 13th January 2013, the two public officers are in breach of Article 48 of the Company’s Articles of Association, which states that annual general meetings should be held within a maximum interval of 15 months, and Section 277 of the Companies Act, 2015 which provides for the convening of an extraordinary general meeting. Hon. Members, the Petitioner is of the opinion that the aforementioned public officers are keeping an illegitimate board of directors in office by denying calls to convene an extraordinary general meeting. The Petitioner is sceptical of the board’s intentions to transfer the farmers’ company to an offshore entity, Primestar Holdings in the West Indies and raises concerns regarding the underlying intentions of the sale and the consequences it may inflict on the 12,000 rural households that are shareholders in the company. Given the circumstances around the sale, the Petitioner is apprehensive that there is intent by the public officers and the alleged illegitimate board to commit fraud that could have dire consequences on the citizens or shareholders of the company and occasion greater and far reaching consequences for agro processing in general. The Petitioner prays that the House investigates the conduct of the Registrar of Companies and the Registrar General in relation to the matters raised in this Petition, identifies the owners of Primestar Holdings Limited and conducts an inquiry into the intended sale of Midlands Limited to the overseas entity. Thank you, Hon. Members."
}