My Lords, before the Minister sits down, will he explain two things? First, I think he said that the purposes set out in Clause 444(4) applied to onward transmission. I do not understand the distinction between primary transmission, if that is the correct term, and onward transmission. I would be grateful if he explained that.
Secondly, I drew his attention to differences in drafting between Schedule 2 and Clause 444, particularly the fact that the takeover panel could make disclosure,"““with a view to the institution of, or otherwise for the purposes of, disciplinary proceedings relating to the performance by an accountant or auditor of his professional duties””."
I expressed approval of that, but could not understand why there was not a similar purpose in Clause 444. I was questioning whether Clause 444 has been correctly drafted.
Company Law Reform Bill [HL]
Proceeding contribution from
Baroness Noakes
(Conservative)
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 c979-80 
Session
2005-06
Chamber / Committee
House of Lords chamber
Subjects
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2024-04-21 09:34:47 +0100
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