Company Law Reform Bill [HL]

moved Amendment No. 314:"Page 231, line 32, at end insert—" ““Expressions used in this subsection that are defined for the purposes of Part 15 (see section 456) have the same meaning as in that Part.”” The noble Lord said: My Lords, in moving the amendment, I shall speak also to Amendments Nos. 395 and 503. These are minor technical amendments which will apply the definition of ““profit and loss account”” in Part 15 to Clause 486(3), instead of the whole of Part 16 having a separate definition of the term. Such a separate definition is unnecessary because the expression is used in only one subsection of Part 16. I beg to move. On Question, amendment agreed to. Clause 487 [Auditor’s report on directors’ report]: [Amendment No. 314A not moved.] Clause 488 [Auditor’s report on operating and financial review]: