Company Law Reform Bill [HL]

moved Amendment No. 426:"Page 272, line 15, after ““statement”” insert ““must be in the prescribed form and””" The noble Lord said: My Lords, this is a minor drafting amendment to clarify that the solvency statement required in connection with a reduction of capital under Clause 567 must be in the prescribed form. I trust that noble Lords will have no objection to it. In this context, ““prescribed”” means prescribed by the Secretary of State by statutory instrument under Section 744 of the 1985 Act. I beg to move. On Question, amendment agreed to. Clause 571 [Circumstances in which financial assistance is not prohibited]: