Company Law Bill [HL]

moved Amendment No. A134:"Page 295, line 21, leave out ““The obligation of disclosure”” and insert ““For the purposes of this Part an interest in shares””" The noble Lord said: Clause 612 provides that a person who signs up to an agreement with other persons to acquire shares in a company is considered as having an interest in that company’s shares for the purposes of Part 21. The amendment clarifies possible doubts as to whether Clause 612 is creating a new obligation of disclosure. It removes the reference to an ““obligation of disclosure”” and instead states simply that an interest in shares may arise from an agreement as described in this clause. I beg to move. On Question, amendment agreed to. Clause 612, as amended, agreed to. Clause 613 [Extent of obligation in case of share acquisition agreement]: