Company Law Reform Bill [HL]

We are having this stand part debate not because we are concerned with the contents of the clause, but because we wish to probe the Government on what the sanction will be for a company, or any officers in default, failing to comply with the requirements imposed by this clause and the corresponding schedules other than the specific sanctions for breach of certain provisions—for example, Clause 752(4) and (5). We find it generally unclear, as drafted. I hope that the Minister’s briefing note will enable him to point out where the general sanctions for breaches are provided for in the Bill and, since we have been unable to find them, how a lay person or end user will be able to find them in the future.