Political Parties and Elections Bill

Amendment 89 89: After Clause 8, insert the following new Clause— "Donations by companies controlled by impermissible donors (1) A donation from a company controlled by an impermissible donor shall itself count as not permissible for the purposes of the 2000 Act. (2) A company shall count as controlled by an impermissible donor when— (a) an impermissible donor, or any combination of impermissible donors, owns 75 per cent or more of the voting shares in the company; (b) an impermissible donor acts as a shadow director of the company; or (c) a majority of the board of directors of the company are impermissible donors. (3) "Impermissible donor" means— (a) a donor who is not a permissible donor under the 2000 Act; or (b) a company controlled by an impermissible donor. (4) "Shadow director" has the same meaning as it has in section 251 of the Companies Act 2006."