Parliamentary search - Company Law Reform Bill [HL]

Type

Parliamentary proceeding

Reference

681 c777-853

Session

2005-06

Department

Department of Trade and Industry

Legislative stage

Report stage

Procedure

New clauses

Chamber / Committee

House of Lords chamber

Company Law Reform Bill (HL). As amended in Grand Committee (HL). (In two volumes)
Tuesday, 25 April 2006
Bills
House of Lords

Company Law Reform Bill [HL]
Tuesday, 9 May 2006
Parliamentary proceedings
House of Lords

Deposited Paper DEP 06/990
Thursday, 18 May 2006
Deposited papers
House of Lords
House of Commons

Proceeding contributions

Lord Hodgson of Astley Abbotts | 681 c779-80 (Link to this contribution) My Lords, I am grateful to the Minister for going over the ground once more. I congratulate him on a...

Lord Sainsbury of Turville | 681 c778-9 (Link to this contribution) My Lords, in responding to the noble Lord, Lord Hodgson, perhaps I may say that this is an area of g...

Show all contributions (131)

Lord Hodgson of Astley Abbotts | 681 c777-8 (Link to this contribution) moved Amendment No. 1:"Page 2, line 5, at end insert ““and Chapter 1 of Part 32 (business names)””" ...

Lord Sainsbury of Turville | 681 c780-1 (Link to this contribution) moved Amendment No. 3:"Page 4, line 25, leave out sub-paragraphs (i) and (ii) and insert ““a stateme...

Lord Sainsbury of Turville | 681 c784-5 (Link to this contribution) My Lords, in Grand Committee we considered at length the implications of the proposed abolition of t...

Lord Razzall | 681 c784 (Link to this contribution) My Lords, as noble Lords will realise, I do not normally take form points over substance. However, I...

Lord Hodgson of Astley Abbotts | 681 c782-4 (Link to this contribution) moved Amendment No. 6:"Page 6, line 1, leave out from beginning to second ““the””" The noble Lord s...

Lord Sainsbury of Turville | 681 c790 (Link to this contribution) My Lords, in a Bill of this complexity where we are trying to find a way through some very complicat...

Viscount Bledisloe | 681 c789-90 (Link to this contribution) My Lords, may I take this opportunity to raise a rather more general point? The Minister has already...

Lord Sainsbury of Turville | 681 c790-1 (Link to this contribution) My Lords, we are extremely grateful to the noble Lord, Lord Hodgson, for proposing Amendments Nos. 1...

Lord Razzall | 681 c790 (Link to this contribution) My Lords, we ought to bear in mind that this Bill started in the House of Lords, and has not yet gon...

Lord Sainsbury of Turville | 681 c788 (Link to this contribution) My Lords, I had better set the record right rather quickly on this and speak to Amendment No. 13 rat...

Lord Razzall | 681 c788 (Link to this contribution) My Lords, I do not wish to correct the noble Lord, Lord Sainsbury, who has been extremely helpful in...

Lord Hodgson of Astley Abbotts | 681 c789 (Link to this contribution) moved Amendment No. 16:"Page 8, line 36, leave out paragraph (a)." The noble Lord said: My Lords, i...

Lord Sainsbury of Turville | 681 c788-9 (Link to this contribution) moved Amendments Nos. 14 and 15:"Page 8, line 12, leave out ““In the case”” and insert ““On the form...

Lord Sainsbury of Turville | 681 c791-2 (Link to this contribution) moved Amendment No. 19:"Page 9, line 11, leave out subsection (2) and insert—" ““( ) Where a c...

Lord Hodgson of Astley Abbotts | 681 c791 (Link to this contribution) My Lords, I am grateful to the Minister. He has said that he will look at this matter and, with the ...

Lord Sainsbury of Turville | 681 c795-6 (Link to this contribution) moved Amendment No. 26:"After Clause 36, insert the following new clause—" ““NOTICE TO REGISTRAR W...

Lord Sainsbury of Turville | 681 c795 (Link to this contribution) moved Amendment No. 25:"Page 14, line 16, leave out subsection (3) and insert—" ““( ) If the e...

Lord Sainsbury of Turville | 681 c795 (Link to this contribution) moved Amendment No. 24:"Page 13, line 26, leave out sub-paragraphs (i) and (ii) and insert ““, a cur...

Lord Sainsbury of Turville | 681 c794-5 (Link to this contribution) moved Amendment No. 23:"Page 11, line 41, leave out from ““applies”” to ““must”” in line 42 and inse...

Lord Hodgson of Astley Abbotts | 681 c794 (Link to this contribution) My Lords, I am grateful to the Minister for that reassurance. In particular I noted that he promised...

Lord Sainsbury of Turville | 681 c793-4 (Link to this contribution) My Lords, we agreed in Grand Committee that it is extremely important to give companies certainty ab...

Lord Hodgson of Astley Abbotts | 681 c793 (Link to this contribution) moved Amendment No. 22:"Page 10, line 42 at end insert—" ““( ) If there is a conflict between ...

Lord Sainsbury of Turville | 681 c792-3 (Link to this contribution) moved Amendment No. 21:"Page 9, line 38, leave out subsection (1) and insert—" ““( ) Where a c...

Lord Sainsbury of Turville | 681 c796 (Link to this contribution) moved Amendment No. 27:"Page 17, line 23, leave out ““Commissioners”” and insert ““Commission””" Th...

Lord Sainsbury of Turville | 681 c792 (Link to this contribution) moved Amendment No. 20:"Page 9, line 16, leave out ““alteration”” and insert ““amendment””" On Ques...

Baroness Whitaker | 681 c786 (Link to this contribution) My Lords, I wonder if I could ask my noble friend a question in relation to four amendments in this ...

Lord Sainsbury of Turville | 681 c785-6 (Link to this contribution) moved Amendment No. 8:"Page 6, line 5, leave out ““(see sections 147 to 149) or”” and insert ““and r...

Lord Hodgson of Astley Abbotts | 681 c785 (Link to this contribution) My Lords, I am grateful to the Minister, and I agree with what he said. If there is to be a company ...

Lord Sainsbury of Turville | 681 c787-8 (Link to this contribution) moved Amendment No. 13:"Page 7, line 34, leave out subsection (3) and insert—" ““( ) A company...

Lord Sainsbury of Turville | 681 c786-7 (Link to this contribution) moved Amendment No. 10:"Page 7, line 10, at end insert—" ““( ) In the case of a company having...

Lord Sainsbury of Turville | 681 c786 (Link to this contribution) My Lords, I am afraid that there are no powers to require the disclosure of beneficial ownership. It...

Lord Lea of Crondall | 681 c834-5 (Link to this contribution) My Lords, the noble Lord has spent a few minutes making an argument that adds up to saying that ther...

Lord Patten | 681 c835 (Link to this contribution) My Lords, if tomorrow the noble Lord has the time, let alone the inclination, to read what I said, I...

Lord Lea of Crondall | 681 c832-3 (Link to this contribution) My Lords, I wish to add a couple of points to the contribution of the noble Lord, Lord Razzall, beca...

Lord Patten | 681 c833-4 (Link to this contribution) My Lords, in this debate on the amendment we are looking at the very pith, the kernel or the epicent...

Lord Razzall | 681 c832 (Link to this contribution) It is rather like saying, ““With respect””, when you do not mean that. I shall go on to make the pol...

Lord Freeman | 681 c829-31 (Link to this contribution) moved Amendment No. 78:"Page 69, line 9, leave out from ““act”” to end of line 28 and insert ““, in ...

Lord Tordoff | 681 c831 (Link to this contribution) My Lords, it may assist the House if I point out that, if Amendment No. 78 were agreed to, it would ...

Lord Forsyth of Drumlean | 681 c836-7 (Link to this contribution) My Lords, I very much agree with the noble Viscount, Lord Bledisloe, but I want to say a few words i...

Viscount Bledisloe | 681 c835-6 (Link to this contribution) My Lords, at the moment, I am tempted to support this amendment because I find the provisions diffic...

Lord Razzall | 681 c817-8 (Link to this contribution) My Lords, before the noble Viscount sits down, he has touched on one of the points that would apply ...

Viscount Bledisloe | 681 c818 (Link to this contribution) My Lords, the noble Lord suggested that I had not yet sat down, so that presumably gives me the righ...

Lord Sainsbury of Turville | 681 c818-21 (Link to this contribution) My Lords, let me reiterate that the Government are committed to promoting a long-term investment cul...

Bishop of Chester | 681 c818 (Link to this contribution) My Lords, perhaps I may offer support to the amendment. In a Bill which produced more than 1,000 ame...

Lord Sanderson of Bowden | 681 c818 (Link to this contribution) My Lords, I was not going to speak on this matter, but I notice that share certificates are about 50...

Lord Sainsbury of Turville | 681 c825 (Link to this contribution) moved Amendments Nos. 63 and 64:"Page 65, line 26, leave out paragraph (b) and insert—" ““( ) ...

Lord Sainsbury of Turville | 681 c824-5 (Link to this contribution) moved Amendment No. 62:"Page 65, leave out line 15." On Question, amendment agreed to. Clause 147 ...

Lord Hodgson of Astley Abbotts | 681 c824 (Link to this contribution) moved Amendment No. 61:"Leave out Clause 137." On Question, amendment agreed to. Clause 146 [Regis...

Lord Hodgson of Astley Abbotts | 681 c822-4 (Link to this contribution) moved Amendment No. 60:"Page 61, line 8, at end insert ““; and" ( ) all such other rights as a...

Lord Sainsbury of Turville | 681 c825 (Link to this contribution) moved Amendment No. 65:"After Clause 148, insert the following new clause—" ““REGISTER OF DIRECTOR...

Lord Sainsbury of Turville | 681 c825 (Link to this contribution) moved Amendments Nos. 66 to 69:"Page 66, line 31, leave out ““or””""Page 66, line 33, at end insert ...

Lord Sainsbury of Turville | 681 c825-6 (Link to this contribution) moved Amendments Nos. 70 and 71:"Page 66, line 42, at end insert ““or its register of directors’ res...

Lord Sainsbury of Turville | 681 c826 (Link to this contribution) moved Amendment No. 72:"Page 67, line 4, leave out ““authenticated””" The noble Lord said: My Lords...

Lord Sainsbury of Turville | 681 c826 (Link to this contribution) moved Amendments Nos. 73 and 74:"Page 67, line 5, at end insert—" ““( ) Notice of a change of ...

Lord Sainsbury of Turville | 681 c827 (Link to this contribution) moved Amendment No. 76:"Page 67, line 19, leave out ““in its articles or””" On Question, amendment ...

Lord Goldsmith | 681 c827-8 (Link to this contribution) My Lords, the effect of the amendment—I understand that the noble Lord has identified it as a probin...

Lord Freeman | 681 c827 (Link to this contribution) moved Amendment No. 77:"Page 69, line 1, leave out from ““duties”” to end of line 2 and insert ““do ...

Lord Freeman | 681 c828-9 (Link to this contribution) My Lords, I am grateful to the Attorney-General. He certainly set out the position very clearly. It ...

Lord Sainsbury of Turville | 681 c809 (Link to this contribution) My Lords, I will make a few general remarks because, from people’s comments, it might be thought tha...

Lord Borrie | 681 c809 (Link to this contribution) My Lords, the last speaker raises a number of sympathetic thoughts in my mind. He made some useful p...

Lord Forsyth of Drumlean | 681 c808-9 (Link to this contribution) My Lords, like my noble friend, I am relieved that I have not been involved in these proceedings. I ...

Baroness Murphy | 681 c808 (Link to this contribution) My Lords, I shall be brief. I support the amendment in the names of the noble Lords, Lord Hodgson of...

Lord Sainsbury of Turville | 681 c812 (Link to this contribution) My Lords, there are just two simple issues here. One is the question of whether one talks about ““pr...

Lord Clinton-Davis | 681 c812 (Link to this contribution) My Lords, is there not a case for taking this away and trying to reach a common approach? That is vi...

Lord Jenkin of Roding | 681 c811 (Link to this contribution) My Lords, I was basing my remarks in support of the amendment moved by my noble friend, on the state...

Lord Razzall | 681 c811-2 (Link to this contribution) My Lords, on this side of the House we understand that the noble Lord, as the Minister for Science, ...

Lord Forsyth of Drumlean | 681 c809-10 (Link to this contribution) My Lords, I am grateful to the Minister for giving way. There are many issues which the Government h...

Lord Sainsbury of Turville | 681 c810-1 (Link to this contribution) My Lords, of course that is correct. However, I want to make it clear that it is not because the Gov...

Lord Sainsbury of Turville | 681 c812-3 (Link to this contribution) My Lords, the point I was trying to make was that if we can find a way of strengthening this clause,...

Lord Forsyth of Drumlean | 681 c812 (Link to this contribution) My Lords, that is a gracious offer, but we on this side of the House are the Opposition and the Mini...

Lord Hodgson of Astley Abbotts | 681 c813-6 (Link to this contribution) moved Amendment No. 59:"Page 60, line 31, leave out subsection (1) and insert—" ““( ) All comp...

Lord Hodgson of Astley Abbotts | 681 c813 (Link to this contribution) My Lords, I am grateful to all those who have spoken in this important debate. Our view on these Ben...

Lord Sainsbury of Turville | 681 c812 (Link to this contribution) My Lords, perhaps I may finish saying why I do not think these amendments will work and then we can ...

Viscount Bledisloe | 681 c817 (Link to this contribution) My Lords, I accept that. But I have the choice of who I have my ISA with. Why can I not then deal wi...

Lord Razzall | 681 c816 (Link to this contribution) My Lords, I support the amendment, to which my noble friend Lord Sharman and I have added our names....

Baroness Murphy | 681 c816 (Link to this contribution) My Lords, I, too, support the amendment. I spoke at length about this in Committee. Ten million peop...

Viscount Bledisloe | 681 c816-7 (Link to this contribution) My Lords, I fully understand the problem put forward by the noble Lord, Lord Hodgson. Undoubtedly, i...

Lord Hodgson of Astley Abbotts | 681 c817 (Link to this contribution) My Lords, I am very grateful to the noble Viscount for giving way. The fact is that for a lot of sha...

Lord Razzall | 681 c797 (Link to this contribution) My Lords, in view of the Minister’s remarks in accepting the points that the noble Lord, Lord Hodgso...

Lord Sainsbury of Turville | 681 c796-7 (Link to this contribution) moved Amendment No. 31:"Page 18, line 29, at end insert—" ““(2) A company which has a common seal ...

Lord McKenzie of Luton | 681 c798 (Link to this contribution) moved Amendment No. 34:"Page 22, line 4, leave out from ““Where”” to ““sent”” in line 5 and insert “...

Lord Hodgson of Astley Abbotts | 681 c798 (Link to this contribution) moved Amendment No. 36:"Page 39, line 19, leave out paragraph (c)." The noble Lord said: My Lords, ...

Lord Sainsbury of Turville | 681 c797 (Link to this contribution) moved Amendment No. 32:"Leave out Clause 47 and insert the following new Clause—" ““EXECUTION OF D...

Lord McKenzie of Luton | 681 c797-8 (Link to this contribution) moved Amendment No. 33:"Page 21, line 40, leave out from ““Where”” to second ““the”” and insert ““a ...

Lord McKenzie of Luton | 681 c800-1 (Link to this contribution) moved Amendment No. 37:"Page 42, line 30, leave out paragraph (a) and insert—" ““( ) where no ...

Lord McKenzie of Luton | 681 c801 (Link to this contribution) moved Amendments Nos. 38 and 39:"Page 43, line 34, leave out from beginning to first ““the”” in line...

Lord McKenzie of Luton | 681 c798-800 (Link to this contribution) My Lords, Clause 92(1)(c) carries forward the current requirement contained in Section 43(3)(b) of 1...

Lord Hodgson of Astley Abbotts | 681 c800 (Link to this contribution) My Lords, I am grateful to the Minister for that further explanation. Our concern was not that there...

Lord McKenzie of Luton | 681 c801-2 (Link to this contribution) moved Amendment No. 40:"Page 45, line 1, leave out from ““limited”” to end of line 2." The noble Lo...

Lord McKenzie of Luton | 681 c802 (Link to this contribution) moved Amendments Nos. 42 to 47:"Page 45, line 28, leave out paragraph (b).""Page 45, leave out line ...

Lord McKenzie of Luton | 681 c802 (Link to this contribution) moved Amendment No. 41:"Page 45, line 26, leave out ““subscribed”” and insert ““authenticated””" Th...

Lord McKenzie of Luton | 681 c802-3 (Link to this contribution) moved Amendment No. 48:"Page 47, line 4, leave out paragraph (b)." The noble Lord said: My Lords, i...

Lord McKenzie of Luton | 681 c803 (Link to this contribution) moved Amendment No. 49:"Page 47, leave out lines 10 and 11 and insert—" ““( ) The statement of...

Lord McKenzie of Luton | 681 c803 (Link to this contribution) moved Amendments Nos. 50 to 54:"Page 48, line 27, leave out ““subscribed”” and insert ““authenticate...

Lord Hodgson of Astley Abbotts | 681 c804-5 (Link to this contribution) moved Amendment No. 56:"Page 52, line 26, leave out ““not”” and insert ““being””" The noble Lord sa...

Lord Razzall | 681 c805-6 (Link to this contribution) My Lords, I have every sympathy with the points made by the noble Lord, Lord Hodgson. What concerns ...

Lord Jenkin of Roding | 681 c806-8 (Link to this contribution) My Lords, I have hitherto taken no part in debates on the provisions of the Bill, and I have been fu...

Lord Goldsmith | 681 c838-9 (Link to this contribution) My Lords, I am disappointed and surprised at the way that the noble Lord, Lord Freeman, put his amen...

Lord MacGregor of Pulham Market | 681 c837-8 (Link to this contribution) My Lords, I am grateful for that, and I am sorry if I misheard the noble Lord. But really that enabl...

Lord Goldsmith | 681 c839-40 (Link to this contribution) My Lords, I am sorry if that is the best the noble Lord can do. It simply will not do. Paragraph (f)...

Lord Lea of Crondall | 681 c837 (Link to this contribution) My Lords, I am grateful to the noble Lord for giving way. If he reads Hansard tomorrow, I think he w...

Lord MacGregor of Pulham Market | 681 c837 (Link to this contribution) My Lords, I will be as brief as I can be. I only want to make one point. Like other non-executive di...

Lord Goldsmith | 681 c840-3 (Link to this contribution) My Lords, the noble Lord, Lord Lea, gave that answer as indeed we have given it before—and which I m...

Lord Forsyth of Drumlean | 681 c840 (Link to this contribution) My Lords, if the noble and learned Lord is arguing that this is done and provided by statute already...

Lord Goldsmith | 681 c845-6 (Link to this contribution) moved Amendment No. 79:"Page 69, leave out lines 12 to 25 and insert ““, and in doing so have regard...

Lord Freeman | 681 c843 (Link to this contribution) My Lords, we have had a frank debate. There is no meeting of minds. The Attorney-General has not add...

Lord Lea of Crondall | 681 c853 (Link to this contribution) My Lords, I am grateful to the noble Baroness, Lady Northover, and the noble Lord, Lord Razzall, for...

Lord Razzall | 681 c853 (Link to this contribution) ““Blue”” means ““not green””.

Lord Lea of Crondall | 681 c853 (Link to this contribution) That is absolutely right, my Lords. At the moment, however, it falls to me to thank my noble and lea...

Lord Lea of Crondall | 681 c853 (Link to this contribution) My Lords, I think you have to move your amendment first.

Lord Clinton-Davis | 681 c852 (Link to this contribution) My Lords, before the Minister goes on, is there some way in which the company could report on these ...

Lord Goldsmith | 681 c852-3 (Link to this contribution) My Lords, that is exactly what I was going to say; it is funny that the noble Lord should say that. ...

Baroness Thornton | 681 c847-9 (Link to this contribution) My Lords, I rise to speak to Amendments Nos. 80 to 87—Amendment No. 87 should probably have been tak...

Lord Lea of Crondall | 681 c846-7 (Link to this contribution) moved, as an amendment to Amendment No. 79, Amendment No. 79A:"Line 1, leave out ““have regard (amon...

Lord Razzall | 681 c850-1 (Link to this contribution) My Lords, before the Minister responds, I join my noble friend Lady Northover in saying how much I w...

Lord Goldsmith | 681 c851-2 (Link to this contribution) My Lords, I thank all who have taken part in this short debate. I am particularly grateful for the w...

Lord Freeman | 681 c849-50 (Link to this contribution) My Lords, now that the House has taken a vote on Amendment No. 78, we believe that Amendment No. 79 ...

Earl of Sandwich | 681 c850 (Link to this contribution) My Lords, I support the noble Baroness’s amendments because I am impressed by the technical argument...

Lord Sainsbury of Turville | 681 c781 (Link to this contribution) moved Amendment No. 4: Leave out Clause 10. On Question, amendment agreed to. Clause 11 [State...

Lord Hodgson of Astley Abbotts | 681 c781 (Link to this contribution) My Lords, we are grateful for the Minister's comments and for responding to our request to simplify ...

Baroness Northover | 681 c849 (Link to this contribution) My Lords, I support the amendments on directors’ duties. I very much welcome the Government’s Amendm...

Lord Sainsbury of Turville | 681 c781-2 (Link to this contribution) moved Amendment No. 5: Leave out Clause 11 and insert the following new Clause— "STATEMENT OF C...

Lord McKenzie of Luton | 681 c803-4 (Link to this contribution) moved Amendment No. 55:"Leave out Clause 111." On Question, amendment agreed to. Clause 116 [Right...

Lord Patten | 681 c839 (Link to this contribution) My Lords, I am glad that the noble and learned Lord has given me the opportunity to respond to his d...

Lord Razzall | 681 c831-2 (Link to this contribution) My Lords, as the Minister will appreciate, and as noble Lords will realise, during our deliberations...

Lord Hodgson of Astley Abbotts | 681 c821-2 (Link to this contribution) My Lords, I am grateful to all who have participated in this debate. The noble Viscount, Lord Bledis...

Lord Sainsbury of Turville | 681 c826-7 (Link to this contribution) moved Amendment No. 75:"Leave out Clause 151 and insert the following new Clause—" ““APPLICATION O...

Baroness Pitkeathley | 681 c853 (Link to this contribution) My Lords, Amendment No. 79 has been moved, and the noble Lord’s amendments have been spoken to.

Lord Sainsbury of Turville | 681 c853 (Link to this contribution) My Lords, I beg to move that consideration on Report be now adjourned. In moving this Motion, I sugg...

Subjects

Disclosure of information

Animal welfare

Company law

Companies

Directors

Animal experiments

Finance

Environment

Investment

Documents

Harassment

Ethics

Foreign companies

Public companies

Private companies

Shares

Shareholders

Legislation

Company Law Reform Bill (HL) 2005-06

Link

View this Parliamentary proceeding on www.publications.parliament.uk