Company Law Reform Bill [HL]

moved Amendment No. 106:"Page 45, line 20, after ““of”” insert ““or the Master of the Court of Protection acting for””" The noble Lord said: Subsection (4) makes allowance for companies to act in situations where a member of the company is bankrupt or deceased. That is obviously important. However, it makes no provision for someone of unsound mind. The amendment seeks to rectify the omission by allowing the Master of the Court of Protection, acting for a member of the company, to assent to a company becoming unlimited. I can see no reason why provision should not be made for that eventuality. It would require a consequential amendment to Clause 108, but this afternoon we thought that we would confine ourselves to an ““in principle”” discussion to get the Government’s views first. I beg to move.