moved Amendments Nos. 183 to 185:"Page 153, line 12, leave out ““responsible directors”” and insert ““directors in default””""Page 153, line 17, leave out ““responsible directors”” and insert ““directors in default””""Page 153, line 21, leave out paragraph (b) and insert—"
““(b) where—
(i) that company was a subsidiary of a relevant holding company, and
(ii) the directors of the relevant holding company failed to take all reasonable steps to prevent the donation being made or the expenditure being incurred,
the directors of the relevant holding company.””
On Question, amendments agreed to.
[Amendment No. 186 not moved.]
Clause 356 [Donations not amounting to more than £5,000 in any twelve month period]:
Company Law Reform Bill [HL]
Proceeding contribution from
Lord McKenzie of Luton
(Labour)
in the House of Lords on Wednesday, 10 May 2006.
It occurred during Debate on bills on Company Law Reform Bill [HL].
Type
Proceeding contribution
Reference
681 c917-8 
Session
2005-06
Chamber / Committee
House of Lords chamber
Subjects
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Timestamp
2024-04-21 09:46:43 +0100
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