Company Law Bill [HL]

Debate on bills and Committee proceeding on Monday, 20 March 2006, in the House of Lords.

Company Law Reform Bill (HL). Lords Committee stage tenth day. Grand Committee off the floor of the House (Moses room). Clauses 559-566 agreed to, clause 562 as amended. Clauses 567 and 568 negatived. Clauses 569-616 agreed to, clauses 576,583,586,587,591,594,595,596,599,602,608,612 and 613 as amended. New clauses considered.

Type

Parliamentary proceeding

Reference

680 c1-70GC

Session

2005-06

Department

Department of Trade and Industry

Legislative stage

Committee stage

Procedure

New clauses

Chamber / Committee

House of Lords Grand Committee

Company Law Reform Bill (HL). (In two volumes. Volume I contains clauses 1 to 481 and Volume II contains clauses 482-885 and schedules to the Bill ). Explanatory notes HL Bill 34-En also published.
Tuesday, 1 November 2005
Bills
House of Lords

Proceeding contributions

Lord McKenzie of Luton | 680 c36GC (Link to this contribution) A redenomination of share capital requires an ordinary resolution of the company’s members, and such...

Lord Razzall | 680 c35GC (Link to this contribution) I am not sure that I entirely follow the Minister’s logic, but I am happy to read it in Hansard. In ...

Show all contributions (164)

Lord McKenzie of Luton | 680 c28-9GC (Link to this contribution) I speak to oppose the question whether this clause should stand part of the Bill and at the same tim...

Lord Hodgson of Astley Abbotts | 680 c66GC (Link to this contribution) I am grateful to the Minister. To be frank, at 7.27 pm, whether the words are appropriate or relevan...

Baroness Ramsay of Cartvale | 680 c1GC (Link to this contribution) If there is a Division in the Chamber while we are sitting, this Committee will adjourn as soon as t...

Lord Hodgson of Astley Abbotts | 680 c58-9GC (Link to this contribution) I am glad that we were not bowled a fast ball. The trouble with the Minister’s argument is that noth...

Lord Hodgson of Astley Abbotts | 680 c57GC (Link to this contribution) The Minister is indeed in a generous mood this afternoon. I am happy to withdraw the amendment. Ame...

Lord Razzall | 680 c54-5GC (Link to this contribution) moved Amendment No. A113:"Page 285, line 41, leave out subsection (2)." The noble Lord said: Again,...

Lord McKenzie of Luton | 680 c56GC (Link to this contribution) We agree that there can be adverse consequences to excluding treasury shares, and if the noble Lord ...

Lord Hodgson of Astley Abbotts | 680 c56GC (Link to this contribution) That is a handsome offer indeed from the Minister, which I accept with alacrity. I beg leave to with...

Lord Razzall | 680 c42GC (Link to this contribution) moved Amendment No. A91:"Page 283, line 18, after ““passed”” insert ““on the same day as or””" The ...

Lord McKenzie of Luton | 680 c43-4GC (Link to this contribution) We understand that, and our responses are considered. On the two debates we have had in this area, I...

Lord Hodgson of Astley Abbotts | 680 c44GC (Link to this contribution) moved Amendment No. A94:"Page 284, line 8, at end insert—" ““( ) The company must also deliver...

Lord McKenzie of Luton | 680 c45-6GC (Link to this contribution) I do not think that we would keep the same effect if we moved subsection (6) into subsection (3), as...

Lord Sainsbury of Turville | 680 c47-8GC (Link to this contribution) We are very much aware of the concern about the current rules that link the payment of dividends to ...

Lord Razzall | 680 c51GC (Link to this contribution) moved Amendment No. A101:"Page 285, line 4, leave out ““the members of””" The noble Lord said: In s...

Lord Hodgson of Astley Abbotts | 680 c51GC (Link to this contribution) That is a staggeringly generous offer. I am grateful to the Minister. It has made the whole afternoo...

Lord McKenzie of Luton | 680 c34-5GC (Link to this contribution) As has been explained by the noble Lord, Lord Razzall, the intention behind the amendment is that it...

Lord Hodgson of Astley Abbotts | 680 c40-1GC (Link to this contribution) moved Amendment No. A89C:"Page 282, line 20, after ““to”” insert ““receive””" The noble Lord said: ...

Lord Hodgson of Astley Abbotts | 680 c39GC (Link to this contribution) The Minister is quite right. I accept what he says about Amendment No. A89B. I am grateful for his a...

Lord Hodgson of Astley Abbotts | 680 c40GC (Link to this contribution) I am grateful to the Minister. This was another practitioner-led amendment. We would have been happy...

Lord McKenzie of Luton | 680 c37-8GC (Link to this contribution) The Government agree with the noble Lord that the matter of a proposed redenomination of capital sho...

Lord McKenzie of Luton | 680 c38-9GC (Link to this contribution) Where a company decides to redenominate its share capital under Clause 578, it must have regard to C...

Lord Hodgson of Astley Abbotts | 680 c38GC (Link to this contribution) moved Amendment No. A89A:"Page 282, line 4, leave out ““is”” and insert ““of that class is to be””" ...

Lord Sainsbury of Turville | 680 c25-6GC (Link to this contribution) Section 153 of the 1985 Act sets out a list of transactions which are not caught by the general proh...

Lord Sainsbury of Turville | 680 c24-5GC (Link to this contribution) I take the point; one should never joke about these important issues. If I may, I will deal with Ame...

Lord Razzall | 680 c25GC (Link to this contribution) On Amendments Nos. A75 and A76, I understand the point made by the Minister. It may well be that at ...

Lord Sainsbury of Turville | 680 c21-2GC (Link to this contribution) Noble Lords will be aware that the current prohibition on the giving of financial assistance applies...

Lord Razzall | 680 c24GC (Link to this contribution) I will just interrupt the Minister on that point. This is entirely to do with the narrow way in whic...

Lord Sainsbury of Turville | 680 c24GC (Link to this contribution) I was listening eagerly for an explanation of why ““predominant”” or ““dominant”” was different from...

Lord Razzall | 680 c22-4GC (Link to this contribution) moved Amendment No. A74:"Page 273, line 18, at end insert—" ““( ) Save where to do so would co...

Lord McKenzie of Luton | 680 c31-3GC (Link to this contribution) It might be helpful if I outlined what Sections 171 to 177 do, and why the Government have decided t...

Lord Hodgson of Astley Abbotts | 680 c26GC (Link to this contribution) I am grateful. This is obviously technical stuff. It would be economical for me to say that,"““lawfu...

Lord Hodgson of Astley Abbotts | 680 c19-20GC (Link to this contribution) moved Amendment No. A73E:"Page 272, line 27, leave out ““twelve”” and insert ““six””" The noble Lor...

Lord Hodgson of Astley Abbotts | 680 c18GC (Link to this contribution) It is interesting that the Minister replies—extensively, as he does—by saying that everybody from wh...

Lord Hodgson of Astley Abbotts | 680 c18GC (Link to this contribution) moved Amendment No. A73B:"Page 270, line 5, at end insert ““and shall certify registration of the do...

Lord Hodgson of Astley Abbotts | 680 c62GC (Link to this contribution) I am grateful for the Minister’s full reply. When he uses words like ““disproportionate burden””, he...

Lord Hodgson of Astley Abbotts | 680 c62-3GC (Link to this contribution) moved Amendment No. A131A:"Page 293, line 19, at end insert ““within three days following the date o...

Lord McKenzie of Luton | 680 c59-60GC (Link to this contribution) moved Amendment No. A126:"Page 292, line 8, at end insert—" ““( ) The rights conferred by subs...

Lord Hodgson of Astley Abbotts | 680 c65GC (Link to this contribution) I accept that as a perfectly proper response. I am grateful to the Minister. The only issue is that ...

Lord McKenzie of Luton | 680 c64-5GC (Link to this contribution) It may assist if I explain how the clauses concerning the register of interests operate. Public comp...

Lord Hodgson of Astley Abbotts | 680 c63-4GC (Link to this contribution) I will read what the Minister says, because, clearly, the satisfaction and keeping the register up-t...

Lord McKenzie of Luton | 680 c63GC (Link to this contribution) I have not misled the noble Lord. Section 211 of the 1985 Act does not require the company to be sat...

Lord McKenzie of Luton | 680 c63GC (Link to this contribution) In tabling and speaking to the amendment, the noble Lord, Lord Hodgson of Astley Abbotts, referred t...

Lord Razzall | 680 c68GC (Link to this contribution) I need to reflect on the concept that ““it makes no sense”” and will read what the Minister had to s...

Lord Razzall | 680 c69-70GC (Link to this contribution) I must say that I do not see why the practical difficulties are any greater than those with which co...

Lord McKenzie of Luton | 680 c67-8GC (Link to this contribution) Clause 612, as now amended, is one of a number of clauses in Part 21 which define what counts as an ...

Lord Sharman | 680 c8GC (Link to this contribution) I confess that I am puzzled. I should have said that this amendment was proposed to us by the Instit...

Baroness Ramsay of Cartvale | 680 c9GC (Link to this contribution) I have to tell the Committee that if Amendment No. A68A is agreed to, I cannot call Amendment No. A6...

Lord Hodgson of Astley Abbotts | 680 c9-10GC (Link to this contribution) I am grateful to the Minister. We wish to share deregulatory emphasis, and therefore he makes a vali...

Lord Sainsbury of Turville | 680 c10-1GC (Link to this contribution) This amendment is also to Clause 562, and it is concerned with the circumstances in which the resolu...

Lord Sainsbury of Turville | 680 c11-2GC (Link to this contribution) Amendment No. A69B is also concerned with Clause 562 of the Bill. It removes the express provision, ...

Lord Hodgson of Astley Abbotts | 680 c14GC (Link to this contribution) As I was reading my notes before Committee, I read new Section 135B(1)(a) and thought to myself that...

Lord Sainsbury of Turville | 680 c13-4GC (Link to this contribution) We are indeed aware that the Institute of Chartered Accountants in England and Wales is concerned th...

Lord Sainsbury of Turville | 680 c1-2GC (Link to this contribution) moved Amendment No. A66:"After Clause 558, insert the following new clause—" ““VARIATION OF CLASS ...

Lord Sharman | 680 c6-7GC (Link to this contribution) moved Amendment No. A68:"Page 268, line 17, at end insert—" ““(2C) Where the company has reduced...

Lord Sainsbury of Turville | 680 c6GC (Link to this contribution) There is a very simple answer to this question. The question is whether the words in parentheses in ...

Lord Hodgson of Astley Abbotts | 680 c3-4GC (Link to this contribution) moved Amendment No. A67A:"Page 268, leave out lines 5 to 7." The noble Lord said: We are working do...

Lord McKenzie of Luton | 680 c59GC (Link to this contribution) The noble Lord makes a passionate case, which we will consider. I stress that it is not unreasonable...

Lord McKenzie of Luton | 680 c57GC (Link to this contribution) moved Amendments Nos. A118 to A123:"Page 289, line 9, leave out ““requisition”” and insert ““require...

Lord Hodgson of Astley Abbotts | 680 c57GC (Link to this contribution) moved Amendment No. A123A:"Page 290, line 34, leave out ““It must do so”” and insert ““The obligatio...

Lord Razzall | 680 c51-2GC (Link to this contribution) I thank the Minister for what he said. Our point is that Section 207 and Article 16 of the Uncertifi...

Lord Razzall | 680 c52GC (Link to this contribution) moved Amendment No. A109:"Page 285, line 20, leave out ““give instructions”” and insert ““exercise h...

Lord Sainsbury of Turville | 680 c53-4GC (Link to this contribution) moved Amendment No. A111:"After Clause 586, insert the following new clause—" ““TRANSFER OF SECURI...

Lord Sainsbury of Turville | 680 c52-3GC (Link to this contribution) Clause 586(4) provides an important safeguard, especially for individual shareholders, by ensuring t...

Lord Brougham and Vaux | 680 c53GC (Link to this contribution) We will adjourn for 10 minutes. [The Sitting was suspended for a Division in the House from 6.25 to...

Lord Sainsbury of Turville | 680 c53GC (Link to this contribution) Perhaps I shall repeat the last paragraph. We have chosen to use language of giving instructions to ...

Lord Razzall | 680 c53GC (Link to this contribution) It is slightly difficult to remember the first half of what the Minister said, having been so interr...

Lord Sainsbury of Turville | 680 c55GC (Link to this contribution) The amendment addresses the possibility that we might retain the current clause but restore words in...

Baroness Fookes | 680 c56GC (Link to this contribution) I cannot call Amendment No. A114A, by reason of pre-emption. Clause 591, as amended, agreed to. Cl...

Lord McKenzie of Luton | 680 c42-3GC (Link to this contribution) The question posed by Amendment No. A91 is whether a resolution to reduce capital may be passed on t...

Lord Hodgson of Astley Abbotts | 680 c45GC (Link to this contribution) Most unusually for the noble Lord, I believe that he missed the point that I was driving at, which w...

Lord Hodgson of Astley Abbotts | 680 c49GC (Link to this contribution) moved Amendment No. A100A:"Page 284, line 33, leave out from ““section”” to ““is”” in line 35 and in...

Lord Sainsbury of Turville | 680 c49-51GC (Link to this contribution) Part 20 is the Government’s response to industry-led proposals for new arrangements for holding and ...

Lord McKenzie of Luton | 680 c37GC (Link to this contribution) We will certainly do that. Perhaps I may just reiterate that it is very important to have proximity ...

Lord Razzall | 680 c36-7GC (Link to this contribution) I understand the point that the Minister is making. However, I am not sure that in his remarks he ha...

Lord Hodgson of Astley Abbotts | 680 c35-6GC (Link to this contribution) I shall speak to Amendment No. A88 in the group. This would extend the period of three months that t...

Lord McKenzie of Luton | 680 c35GC (Link to this contribution) moved Amendment No. A86:"Page 279, line 42, at end insert ““(and, in Scotland, to any rule that the ...

Lord Razzall | 680 c34GC (Link to this contribution) moved Amendment No. A84:"Page 278, line 7, at end insert—" ““( ) Subsection (2)(b) shall only ...

Lord Hodgson of Astley Abbotts | 680 c39-40GC (Link to this contribution) moved Amendment No. A89BA:"Page 282, line 12, after ““figure”” insert ““up””" The noble Lord said: ...

Lord Hodgson of Astley Abbotts | 680 c37GC (Link to this contribution) moved Amendment No. A89ZA:"Page 282, line 2, at end insert—" ““( ) Notice must be given to the...

Lord Hodgson of Astley Abbotts | 680 c22GC (Link to this contribution) I thank the Minister. I will read carefully what he said about Aco, Bco and John Smith. I got it, bu...

Lord Hodgson of Astley Abbotts | 680 c24GC (Link to this contribution) As the noble Lord, Lord Razzall, said, I have tabled Amendments Nos. A75A and A76A, which are in thi...

Lord Hodgson of Astley Abbotts | 680 c33-4GC (Link to this contribution) I am grateful for the Minister’s lengthy response. As I explained in my opening remarks, this is a p...

Lord McKenzie of Luton | 680 c27-8GC (Link to this contribution) moved Amendment No. A78:"After Clause 567, insert the following new clause—" ““REDEEMABLE SHARES ...

Lord McKenzie of Luton | 680 c26-7GC (Link to this contribution) I shall speak to the clause stand part and to Amendment No. A78. Clause 567 amends Section 159 of th...

Baroness Ramsay of Cartvale | 680 c28GC (Link to this contribution) It is four minutes before five o’clock. We will come back in 10 minutes. [The Sitting was suspended...

Lord McKenzie of Luton | 680 c30GC (Link to this contribution) moved Amendment No. A82:"Page 276, line 24, at beginning insert—" ““( ) In section 171 of the ...

Lord Hodgson of Astley Abbotts | 680 c21GC (Link to this contribution) moved Amendment No. A73F:"Page 272, line 45, at end insert ““if at the time of the assistance the su...

Lord Hodgson of Astley Abbotts | 680 c21GC (Link to this contribution) I am grateful to the Minister, but I do not see why it should be in the nature of devolution that yo...

Lord Sainsbury of Turville | 680 c17-8GC (Link to this contribution) The short answer is that the statement of capital forms part of a company’s constitution. It is ther...

Lord Sainsbury of Turville | 680 c18-9GC (Link to this contribution) I will take Amendment No. A73B first, if I may. The Bill provides that the Registrar of Companies mu...

Lord Hodgson of Astley Abbotts | 680 c17GC (Link to this contribution) moved Amendment No. A73A:"Page 269, leave out lines 43 and 44." The noble Lord said: In moving this...

Baroness Fookes | 680 c70GC (Link to this contribution) The Committee stands adjourned until Tuesday 28 March at 3.30 pm.

Lord McKenzie of Luton | 680 c61-2GC (Link to this contribution) Clause 605 concerns entries on the register of interests disclosed under Clause 590 and provides tha...

Lord McKenzie of Luton | 680 c62GC (Link to this contribution) I will have another go. If incorrect information is given to the company, then the company would sim...

Lord Hodgson of Astley Abbotts | 680 c62GC (Link to this contribution) With respect, I hear what the Minister says and I will read Hansard carefully. It seems to me to be ...

Lord McKenzie of Luton | 680 c59GC (Link to this contribution) moved Amendment No. A125:"Page 292, leave out lines 7 and 8." The noble Lord said: In moving Amendm...

Lord Hodgson of Astley Abbotts | 680 c65GC (Link to this contribution) moved Amendment No. A133A:"Page 294, line 19, after ““shares”” insert ““, otherwise than by virtue o...

Lord Hodgson of Astley Abbotts | 680 c64GC (Link to this contribution) moved Amendment No. A132:"Page 293, line 26, after ““keep”” insert ““and make available for public i...

Lord Hodgson of Astley Abbotts | 680 c10GC (Link to this contribution) moved Amendment No. A69A:"Page 268, line 34, leave out ““members of the company”” and insert ““any m...

Lord Hodgson of Astley Abbotts | 680 c11GC (Link to this contribution) I am grateful to the Minister for the reflection that he has obviously given to the purpose behind o...

Baroness Ramsay of Cartvale | 680 c14GC (Link to this contribution) I must tell the Committee that if Amendment No. A70A is agreed to, I shall not be able to call Amend...

Lord Hodgson of Astley Abbotts | 680 c12-3GC (Link to this contribution) moved Amendment No. A70:"Page 268, leave out lines 40 to 43." The noble Lord said: With this group ...

Lord Hodgson of Astley Abbotts | 680 c17GC (Link to this contribution) I am again grateful for the trouble that the Minister has taken to talk us through the weaknesses in...

Lord Hodgson of Astley Abbotts | 680 c14-6GC (Link to this contribution) moved Amendment No. A70A:"Page 268, line 40, leave out from beginning to end of line 9 on page 269 a...

Lord Hodgson of Astley Abbotts | 680 c5-6GC (Link to this contribution) As the Minister points out, this is pretty technical stuff. It is fair to say that he has repeated t...

Lord Hodgson of Astley Abbotts | 680 c6GC (Link to this contribution) I am grateful to the Minister. I think that I have the point. I will take further advice, but I thin...

Lord Hodgson of Astley Abbotts | 680 c3GC (Link to this contribution) I am grateful to the Minister for that robust rebuttal of the view that has been put to us. This is,...

Lord McKenzie of Luton | 680 c58GC (Link to this contribution) Clause 600 concerns the register of interests disclosed. Like the register of debenture holders, thi...

Lord Hodgson of Astley Abbotts | 680 c58GC (Link to this contribution) moved Amendment No. A124A:"Page 291, line 12, leave out subsections (2) and (3)." The noble Lord sa...

Lord McKenzie of Luton | 680 c56-7GC (Link to this contribution) moved Amendment No. A117:"Page 288, line 41, leave out subsection (1) and insert—" ““(1) A compa...

Lord McKenzie of Luton | 680 c57GC (Link to this contribution) Amendment No. A123A would helpfully clarify that the requirement in subsection (4) to enter informat...

Lord Hodgson of Astley Abbotts | 680 c57-8GC (Link to this contribution) moved Amendment No. A124:"Page 291, line 6, leave out first ““or”” and insert ““of””" On Question, ...

Lord Sainsbury of Turville | 680 c51GC (Link to this contribution) Before the noble Lord withdraws the amendment, perhaps I may make a couple of points. Amendments Nos...

Lord Sainsbury of Turville | 680 c52GC (Link to this contribution) moved Amendment No. A108:"Page 285, line 13, leave out subsection (3)." The noble Lord said: The am...

Lord Sainsbury of Turville | 680 c53GC (Link to this contribution) moved Amendment No. A110:"Page 285, line 33, leave out paragraph (a) and insert—" ““(a) referenc...

Lord Razzall | 680 c55GC (Link to this contribution) I understand what the Minister said, and I beg leave to withdraw the amendment. Amendment, by leave...

Lord Hodgson of Astley Abbotts | 680 c55-6GC (Link to this contribution) moved Amendment No. A113A:"Page 286, line 12, leave out ““(excluding any shares held as treasury sha...

Lord Sainsbury of Turville | 680 c54GC (Link to this contribution) moved Amendment No. A112:"Page 285, line 39, leave out ““section 586(3) (designation orders)”” and i...

Lord McKenzie of Luton | 680 c56GC (Link to this contribution) moved Amendment No. A115:"Page 288, line 26, after ““requests”” insert ““(to the same effect)””" On...

Lord McKenzie of Luton | 680 c56GC (Link to this contribution) moved Amendment No. A114:"Page 287, line 31, leave out subsection (4)." On Question, amendment agre...

Lord McKenzie of Luton | 680 c41GC (Link to this contribution) Perhaps I may deal with Amendment No. A90 first. Clause 578 enables a company to easily redenominate...

Lord Hodgson of Astley Abbotts | 680 c41-2GC (Link to this contribution) I assure the Minister that we will not fall out over whether we should insert the word ““receive””; ...

Lord Razzall | 680 c43GC (Link to this contribution) I understand what the Minister has said, but I find it a little difficult when the noble Lord, Lord ...

Lord Razzall | 680 c44GC (Link to this contribution) The point that I am making is simply that the Government’s view of what is practical is not agreed w...

Lord McKenzie of Luton | 680 c44-5GC (Link to this contribution) Before turning to Amendments Nos. A94 and A95, I shall speak to government Amendment No. A94A, which...

Lord Hodgson of Astley Abbotts | 680 c46GC (Link to this contribution) Certainly, I shall do that. Following the comments made by the noble Lord, Lord Razzall, this is a p...

Lord McKenzie of Luton | 680 c46GC (Link to this contribution) moved Amendment No. A94A:"Page 284, line 9, leave out ““the statements”” and insert ““statement””" ...

Baroness Goudie | 680 c48-9GC (Link to this contribution) In the light of the Minister’s undertaking, I will not press the amendment. I beg leave to withdraw ...

Baroness Goudie | 680 c46-7GC (Link to this contribution) moved Amendment No. A96:"After Clause 584, insert the following new clause—" ““PART 19A LI...

Lord Razzall | 680 c37GC (Link to this contribution) I understand the point the Minister makes. I am sure that he also understands my point. This is not ...

Lord Razzall | 680 c35GC (Link to this contribution) moved Amendment No. A87:"Page 281, line 42, leave out ““15 days”” and insert ““three months””" The ...

Lord McKenzie of Luton | 680 c40GC (Link to this contribution) We pondered a bit on what this amendment was about, and thought that it might be focused on when you...

Lord Hodgson of Astley Abbotts | 680 c38GC (Link to this contribution) I am not entirely surprised by the Minister’s reply. I am all for deregulation, but it seems to me t...

Lord Hodgson of Astley Abbotts | 680 c25GC (Link to this contribution) moved Amendment No. A77:"Page 273, line 42, at end insert—" ““(4A) In subsection (3)(a) for ““di...

Lord Hodgson of Astley Abbotts | 680 c30-1GC (Link to this contribution) I rise to oppose the question that Clause 571 stand part of the Bill and to speak to Amendment No. A...

Lord McKenzie of Luton | 680 c29-30GC (Link to this contribution) moved Amendment No. A79:"After Clause 568, insert the following new clause—" ““POWER OF COMPANY TO...

Lord Hodgson of Astley Abbotts | 680 c19GC (Link to this contribution) I am grateful to the Minister. This is detailed technical stuff. The timing of when events become ef...

Lord Sainsbury of Turville | 680 c20-1GC (Link to this contribution) New Sections 151(5) and 151A(5) inserted by Clause 565 set out the offences that apply where there i...

Lord Sainsbury of Turville | 680 c70GC (Link to this contribution) This may be a convenient moment for the Committee to adjourn until Tuesday 28 March at 3.30 pm.

Lord Hodgson of Astley Abbotts | 680 c60-1GC (Link to this contribution) moved Amendment No. A127A:"Page 293, line 2, at end insert ““and the company shall within 15 days of...

Lord Hodgson of Astley Abbotts | 680 c59GC (Link to this contribution) I am grateful indeed. Nothing is ever unreasonable; there is always a rationale for it. In the meant...

Lord McKenzie of Luton | 680 c60GC (Link to this contribution) moved Amendment No. A127:"After Clause 602, insert the following new clause—" ““COURT SUPERVISION ...

Lord McKenzie of Luton | 680 c65GC (Link to this contribution) moved Amendment No. A133:"Page 294, line 8, leave out from ““contract”” to ““, or”” in line 9 and in...

Baroness Fookes | 680 c64GC (Link to this contribution) We shall obviously have to suspend the Committee and return again in 10 minutes. [The Sitting was s...

Lord Hodgson of Astley Abbotts | 680 c63GC (Link to this contribution) I am grateful to the Minister. If Section 211 does not require a three-day deadline, which the Minis...

Lord Razzall | 680 c68GC (Link to this contribution) moved Amendment No. A137:"Page 297, line 16, leave out first ““the”” and insert ““any””" The noble ...

Lord McKenzie of Luton | 680 c68-9GC (Link to this contribution) Clause 615 re-enacts the provisions of Section 220(2) of the 1985 Act, extending them to the whole o...

Lord McKenzie of Luton | 680 c66GC (Link to this contribution) moved Amendment No. A134:"Page 295, line 21, leave out ““The obligation of disclosure”” and insert “...

Lord McKenzie of Luton | 680 c66-7GC (Link to this contribution) moved Amendment No. A135:"Page 296, line 21, leave out ““this section”” and insert ““section 612””" ...

Lord Razzall | 680 c67GC (Link to this contribution) moved Amendment No. A136:"After Clause 613, insert the following new clause—" ““OBLIGATION OF PERS...

Lord McKenzie of Luton | 680 c65-6GC (Link to this contribution) Clause 608 defines what is meant by an interest in shares for the purposes of Part 21. The clause re...

Lord Sainsbury of Turville | 680 c7-8GC (Link to this contribution) The proposed amendment seeks to insert a new subsection into Section 135 of the 1985 Act, as amended...

Lord Hodgson of Astley Abbotts | 680 c8-9GC (Link to this contribution) moved Amendment No. A68A:"Page 268, line 31, leave out from ““statement”” to end of line 32 and inse...

Lord Sainsbury of Turville | 680 c9GC (Link to this contribution) Clause 562 sets out the conditions that must be satisfied in order for a private company limited by ...

Lord Sainsbury of Turville | 680 c10GC (Link to this contribution) moved Amendment No. A69:"Page 268, line 32, leave out ““served on”” and insert ““sent or submitted t...

Lord Hodgson of Astley Abbotts | 680 c12GC (Link to this contribution) I was slightly surprised when the Minister said that, even if there are ““procedural irregularities”...

Lord Hodgson of Astley Abbotts | 680 c11GC (Link to this contribution) moved Amendment No. A69B:"Page 268, leave out lines 36 and 37." The noble Lord said: We are still w...

Lord Sainsbury of Turville | 680 c16-7GC (Link to this contribution) The amendment would require the directors to take account of all the company’s assets and debts whic...

Lord Hodgson of Astley Abbotts | 680 c6GC (Link to this contribution) moved Amendment No. A67B:"Page 268, line 15, leave out ““(apart from subsection (2A))””" The noble ...

Lord Sainsbury of Turville | 680 c3GC (Link to this contribution) Amendment No. A67ZA appears to be a drafting suggestion. It replaces what is currently framed as a c...

Lord Sainsbury of Turville | 680 c4-5GC (Link to this contribution) Clause 561(3) inserts three new subsections—(1), (1A) and (1B)—into Section 135 of the 1985 Act and ...

Lord Hodgson of Astley Abbotts | 680 c2-3GC (Link to this contribution) moved Amendment No. A67ZA:"Page 268, leave out lines 1 to 3 and insert—" ““(1A) Provided that th...

Subjects

Disclosure of information

Company law

Company accounts

Companies

Business interests

Finance

Investment income

Membership

Meetings

Private companies

Registration

Shareholders

Legislation

Company Law Reform Bill (HL) 2005-06

Link

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