Company Law Reform Bill [HL]

moved Amendment No. A212ZA:"Page 362, line 43, leave out ““memorandum or””" The noble Lord said: In moving Amendment No. A212ZA, I shall speak also to Amendment No. A212ZB. Amendment No. A212ZA removes the words ““memorandum or”” because, given the limited nature of a memorandum of association for a company set up in Clause 8, it is inappropriate for these clauses to refer to a memorandum in this way. The noble Lord, Lord McKenzie, when speaking to Amendment No. 23, said:"““The position of memoranda under the Bill will be very different; they will be mere historical records of the intention to form a company. In the case of existing companies, their substantive provisions will be deemed by virtue of Clause 29 to be part of their articles””.—[Official Report, 30/1/06; col. GC24.]" I cannot see how, in the light of what the noble Lord said so eloquently then, the words ““memorandum or”” can have any bearing on the matters contained in Clause 761 and Schedule 8. Therefore, the amendment removes those words. I beg to move.