UK Parliament / Open data

Company Law Reform Bill [HL]

Debate on bills on Tuesday, 16 May 2006, in the House of Lords.
Company Law Reform Bill (HL). Lords Report stage, third day. Concluded. (HL Bill 108 2005-06). (Part 2 of 2)
Type
Parliamentary proceeding
Reference
682 c198-253 
Session
2005-06
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, 16 May 2006
Parliamentary proceedings
House of Lords
Proceeding contributions
Lord Sainsbury of Turville | 682 c198-200 (Link to this contribution) moved Amendment No. 443:"After Clause 623, insert the following new clause—" ““PART 21 A COMPANY’S ...
Lord Goldsmith | 682 c208 (Link to this contribution) My Lords, I also said that I could envisage cases in which the power to provide compensation would n...

Show all contributions (113)
Lord Hodgson of Astley Abbotts | 682 c208 (Link to this contribution) My Lords, the noble and learned Lord the Attorney-General is always very persuasive. I begin, as he ...
Baroness Pitkeathley | 682 c210 (Link to this contribution) My Lords, I should point out that if Amendment No. 466 is agreed to, I shall not be able to call Ame...
Lord Hodgson of Astley Abbotts | 682 c208-9 (Link to this contribution) My Lords, I understand that there were two barrels to that argument. One was that although the panel...
Lord Goldsmith | 682 c207 (Link to this contribution) My Lords, we have discussed the persons subject to the offence, and we will come back in the amendme...
Lord Hodgson of Astley Abbotts | 682 c206-7 (Link to this contribution) My Lords, could the noble and learned Lord foreshadow—without firing his ammunition in respect of th...
Lord Goldsmith | 682 c207-8 (Link to this contribution) My Lords, I am happy to respond to that invitation. I meant that we could have said, ““We need a cri...
Lord Patten | 682 c207 (Link to this contribution) My Lords, the noble and learned Lord the Attorney-General is quite right that people—practitioners, ...
Lord Goldsmith | 682 c205-6 (Link to this contribution) My Lords, in introducing his amendment, the noble Lord, Lord Hodgson of Astley Abbotts, rightly iden...
Lord Goldsmith | 682 c210-1 (Link to this contribution) moved Amendment No. 466:"Page 310, line 18, leave out paragraph (b) and insert—" ““(b)   where the...
Lord Goldsmith | 682 c214-6 (Link to this contribution) moved Amendment No. 478:"Page 318, leave out lines 10 to 14 and insert—" ““(b) shares that, under ...
Lord Hodgson of Astley Abbotts | 682 c214 (Link to this contribution) My Lords, I am always ready to learn from the Attorney-General and to follow the avenues that he has...
Lord Goldsmith | 682 c214 (Link to this contribution) My Lords, of course I am content for the noble Lord to do that, but perhaps I may invite him to cons...
Lord Hodgson of Astley Abbotts | 682 c214 (Link to this contribution) My Lords, I am grateful to the noble and learned Lord the Attorney-General for his considered respon...
Lord Goldsmith | 682 c212-4 (Link to this contribution) My Lords, I recall the debate in Grand Committee and the reaction when I answered the question in th...
Lord Hodgson of Astley Abbotts | 682 c212 (Link to this contribution) moved Amendment No. 476:"Page 317, line 24, leave out ““in value of all the voting shares”” and inse...
Lord Goldsmith | 682 c212 (Link to this contribution) moved Amendment No. 474:"Page 310, line 32, at end insert—" ““(   )   Where an offence is committe...
Lord Goldsmith | 682 c211-2 (Link to this contribution) moved Amendment No. 470:"Page 310, line 24, leave out subsection (4)." On Question, amendment agree...
Baroness Pitkeathley | 682 c211 (Link to this contribution) My Lords, if Amendment No. 470 is agreed to, I cannot call Amendments Nos. 471 or 472.
Lord Sharman | 682 c211 (Link to this contribution) My Lords, I thank the noble and learned Lord the Attorney-General for responding to the concerns rai...
Lord Hodgson of Astley Abbotts | 682 c202-3 (Link to this contribution) My Lords, we are very grateful to the noble and learned Lord for making this change. A number of pra...
Lord Goldsmith | 682 c202 (Link to this contribution) moved Amendment No. 449:"Page 304, line 35, leave out from beginning to ““had”” in line 38 and inser...
Lord Sainsbury of Turville | 682 c200-2 (Link to this contribution) moved Amendments Nos. 444 to 448:"After Clause 623, insert the following new clause—" ““CONTENTS O...
Lord Sainsbury of Turville | 682 c203 (Link to this contribution) moved Amendments Nos. 462 and 463:"Page 309, line 18, leave out ““625(4)”” and insert ““625(5)””""Pa...
Lord Goldsmith | 682 c203 (Link to this contribution) moved Amendment No. 459:"Page 439, line 35, leave out ““1995 (S.I. 1995/3272)”” and insert ““2001 (S...
Lord Sainsbury of Turville | 682 c203 (Link to this contribution) moved Amendment No. 458:"Page 438, line 32, leave out ““Commissioners to exercise their”” and insert...
Baroness Noakes | 682 c203 (Link to this contribution) moved Amendment No. 451:"Page 307, line 13, at end insert ““has been authorised by the Panel and””" ...
Lord Hodgson of Astley Abbotts | 682 c203-5 (Link to this contribution) moved Amendment No. 464:"Page 309, line 28, at end insert ““, or" (   )   failed to comply with ru...
Lord Patten | 682 c205 (Link to this contribution) My Lords, one should be properly cautious when rising from one’s place to intervene if one has not b...
Lord McKenzie of Luton | 682 c227-8 (Link to this contribution) moved Amendment No. 487B:"Page 347, line 19, at end insert—" ““(   )   any application or other do...
Lord Hodgson of Astley Abbotts | 682 c228 (Link to this contribution) My Lords, I thank the noble Lord, Lord McKenzie, for bringing forward these amendments which meet ou...
Lord McKenzie of Luton | 682 c226 (Link to this contribution) moved Amendment No. 487:"Page 347, line 4, leave out paragraphs (a) and (b) and insert—" ““(   )  ...
Lord McKenzie of Luton | 682 c226-7 (Link to this contribution) moved Amendment No. 487A:"Page 347, line 19, at end insert—" ““(   )   any application or other do...
Lord McKenzie of Luton | 682 c226 (Link to this contribution) moved Amendments Nos. 485 and 486:"Page 345, line 6, at end insert ““or””""Page 345, line 9, leave o...
Lord McKenzie of Luton | 682 c230-1 (Link to this contribution) moved Amendment No. 488:"Page 455, line 12, at end insert—" 13A   For section 175(7) of the Compan...
Lord McKenzie of Luton | 682 c229-30 (Link to this contribution) moved Amendments Nos. 487E and 487F:"After Clause 714, insert the following new clause—" ““RECTIFI...
Lord McKenzie of Luton | 682 c230 (Link to this contribution) moved Amendment No. 487G:"Leave out Clause 739." On Question, amendment agreed to. Schedule 4 [Ame...
Lord McKenzie of Luton | 682 c228-9 (Link to this contribution) moved Amendment No. 487C:"After Clause 708, insert the following new clause—" ““APPLICATION TO REG...
Lord McKenzie of Luton | 682 c229 (Link to this contribution) moved Amendment No. 487D:"Page 350, leave out line 11." On Question, amendment agreed to.
Lord Goldsmith | 682 c216 (Link to this contribution) moved Amendment No. 480:"Page 320, leave out lines 14 to 18 and insert—" ““(b) shares that, under ...
Lord McKenzie of Luton | 682 c216 (Link to this contribution) moved Amendment No. 481:"Page 322, line 29, leave out from second ““7”” to end of line 31." On Ques...
Lord Goldsmith | 682 c216 (Link to this contribution) moved Amendment No. 479:"Page 318, leave out lines 24 to 28 and insert—" ““(b) shares that, under ...
Lord Sharman | 682 c218 (Link to this contribution) My Lords, I am grateful for the reply given to this part of the debate by the noble and learned Lord...
Lord Sharman | 682 c216-7 (Link to this contribution) moved Amendment No. 482:"Page 442, line 2, at end insert—" ““(1)   Section 425 of the Companies Ac...
Lord Goldsmith | 682 c217-8 (Link to this contribution) My Lords, as the noble Lord said, there are two parts to the amendment. The part that he has just re...
Lord McKenzie of Luton | 682 c219-20 (Link to this contribution) moved Amendments Nos. 483C and 483D:"After Clause 680, insert the following new clause—" ““DUTY TO...
Lord McKenzie of Luton | 682 c218-9 (Link to this contribution) moved Amendment No. 483A:"Page 333, line 35, leave out from ““to”” to end of line 37 and insert ““re...
Lord McKenzie of Luton | 682 c219 (Link to this contribution) moved Amendment No. 483B:"Leave out Clause 679." On Question, amendment agreed to.
Lord McKenzie of Luton | 682 c220 (Link to this contribution) moved Amendment No. 483E:"Page 334, line 37, leave out from ““registrar”” to second ““and”” in line ...
Lord McKenzie of Luton | 682 c220-1 (Link to this contribution) moved Amendment No. 483F:"Page 335, line 3, at end insert—" ““(2)   The enactments are— the Joint ...
Lord McKenzie of Luton | 682 c221 (Link to this contribution) moved Amendment No. 483G:"Page 335, line 37, at end insert—" ““(   )   The Limited Partnerships Ac...
Lord McKenzie of Luton | 682 c221-2 (Link to this contribution) moved Amendment No. 483H:"Page 336, line 5, after ““name”” insert ““and registered number””" The no...
Lord McKenzie of Luton | 682 c222 (Link to this contribution) moved Amendments Nos. 483J to 483L:"Page 341, line 33, after ““document”” insert ““that, on receipt,...
Lord McKenzie of Luton | 682 c222-3 (Link to this contribution) moved Amendment No. 483M:"Page 342, line 26, at end insert—" ““ 1. Any statement of capital and in...
Lord McKenzie of Luton | 682 c223 (Link to this contribution) moved Amendments Nos. 483N to 483U:"Page 342, line 34, at end insert ““and the statement of capital ...
Lord Hodgson of Astley Abbotts | 682 c223-5 (Link to this contribution) moved Amendment No. 484:"Page 345, line 5, at end insert—" ““(   )   is a statutory auditor of a c...
Lord McKenzie of Luton | 682 c225-6 (Link to this contribution) My Lords, Clause 703 provides that the Secretary of State may make regulations so that a unique iden...
Lord Hodgson of Astley Abbotts | 682 c226 (Link to this contribution) My Lords, I am grateful to the Minister for his reply, and he has clearly thought about this issue. ...
Lord Hodgson of Astley Abbotts | 682 c233 (Link to this contribution) My Lords, it would be helpful as a means of maintaining good and proper communication between the co...
Lord Sainsbury of Turville | 682 c233-4 (Link to this contribution) moved Amendment No. 490A:"Leave out Clause 763 and insert the following new Clause—" ““REQUIREMENT...
Lord Sainsbury of Turville | 682 c234 (Link to this contribution) moved Amendment No. 490B:"After Clause 763, insert the following new clause—" ““DEEMED DELIVERY OF...
Lord Sainsbury of Turville | 682 c234-5 (Link to this contribution) moved Amendment No. 490C:"Leave out Clause 765." On Question, amendment agreed to. Clause 766 [Dut...
Lord Sainsbury of Turville | 682 c235 (Link to this contribution) moved Amendment No. 491:"Page 368, line 40, leave out ““Commissioners”” and insert ““Commission””" ...
Lord McKenzie of Luton | 682 c231 (Link to this contribution) moved Amendment No. 489:"Page 365, line 25, leave out paragraphs (a) and (b) and insert ““any addres...
Lord Sainsbury of Turville | 682 c232 (Link to this contribution) My Lords, I am grateful to the noble Lord for tabling this amendment again so that I may now give hi...
Lord Hodgson of Astley Abbotts | 682 c231-2 (Link to this contribution) moved Amendment No. 490:"Page 468, line 16, at end insert—" ““(2)   Such agreement may be valid fo...
Lord Sainsbury of Turville | 682 c235 (Link to this contribution) moved Amendment No. 491A:"Page 369, line 10, after ““766”” insert ““within the period of 14 days aft...
Baroness Noakes | 682 c235 (Link to this contribution) moved Amendment No. 492:"Page 370, line 14, leave out ““reporting accountant”” and insert ““independ...
Lord Sainsbury of Turville | 682 c235 (Link to this contribution) moved Amendment No. 493:"Page 370, line 33, leave out paragraph (a)." On Question, amendment agreed...
Lord McKenzie of Luton | 682 c235 (Link to this contribution) moved Amendment No. 494:"Page 371, line 43, at end insert—" ““(   )   In this section and that Sch...
Lord McKenzie of Luton | 682 c235-6 (Link to this contribution) moved Amendment No. 495A:"Page 374, line 42, at end insert—" ““(   )   Until such date as may be a...
Lord McKenzie of Luton | 682 c235 (Link to this contribution) moved Amendment No. 495:"Page 373, leave out line 17." On Question, amendment agreed to. Clause 77...
Baroness Noakes | 682 c236 (Link to this contribution) moved Amendment No. 507: "Page 490, line 14, column 1, leave out ““reporting accountant”” and inser...
Lord McKenzie of Luton | 682 c236 (Link to this contribution) moved Amendments Nos. 496 to 506:"Page 482, line 13, at end insert—"
Baroness Noakes | 682 c237 (Link to this contribution) moved Amendment No. 511A: "Page 506, line 4, after ““organisation),”” insert ““have provided or””" ...
Lord McKenzie of Luton | 682 c236-7 (Link to this contribution) moved Amendments Nos. 508 to 511: "Page 490, leave out line 15." "Page 490, line 24, at end insert...
Lord McKenzie of Luton | 682 c237-8 (Link to this contribution) My Lords, the eighth company law directive on auditing sets out clear requirements for practical tra...
Lord Sharman | 682 c240 (Link to this contribution) My Lords, I rise to support the noble Baroness’s amendment. It may interest the House to know that 1...
Lord McKenzie of Luton | 682 c240-1 (Link to this contribution) My Lords, it may be helpful if I begin by explaining how Clause 815 works in practice. In doing so, ...
Baroness Noakes | 682 c238-9 (Link to this contribution) My Lords, I thank the Minister for his reply, for he will be aware that I know the amendment goes wi...
Baroness Noakes | 682 c239-40 (Link to this contribution) moved Amendment No. 511AA: "Page 391, line 20, leave out leave out ““(1)”” and insert ““(1)(a)””" ...
Lord McKenzie of Luton | 682 c242-3 (Link to this contribution) My Lords, the Professional Oversight Board is an operating body of the Financial Reporting Council a...
Baroness Noakes | 682 c242 (Link to this contribution) My Lords, I support the amendments, to which our names are attached. The noble Lord, Lord Sharman, h...
Lord Sharman | 682 c241-2 (Link to this contribution) moved Amendment No. 511B: "Page 394, line 6, at end insert—" ““(   )   The order shall have the e...
Baroness Noakes | 682 c241 (Link to this contribution) My Lords, I thank the Minister for that reply. He said that my amendment would mean that subsection ...
Lord Sharman | 682 c243 (Link to this contribution) My Lords, I remind the Minister that I offered to give him an engagement letter. I can tell him that...
Lord McKenzie of Luton | 682 c244 (Link to this contribution) My Lords, before the noble Lord withdraws the amendment, yes, we should look with some urgency at th...
Baroness Noakes | 682 c244-5 (Link to this contribution) moved Amendment No. 511C: "Page 394, line 21, at end insert—" ““(   )   An order under this secti...
Lord McKenzie of Luton | 682 c245 (Link to this contribution) My Lords, I think we have agreement on what we want the outcome of this to be, but perhaps not on th...
Lord McKenzie of Luton | 682 c243-4 (Link to this contribution) My Lords, I look forward to receiving that and I thank the noble Lord in advance. I shall repair to ...
Lord Sharman | 682 c244 (Link to this contribution) My Lords, I am quite willing to accept that the solution may not be as the amendments are framed. I ...
Lord Hodgson of Astley Abbotts | 682 c245-6 (Link to this contribution) moved Amendment No. 512: "Leave out Clause 865." The noble Lord said: My Lords, this amendment is ...
Baroness Noakes | 682 c245 (Link to this contribution) My Lords, the noble Lord tempts me. I beg leave to withdraw the amendment. Amendment, by leave, wit...
Lord Sainsbury of Turville | 682 c246 (Link to this contribution) My Lords, I am rather conscious of the fact that on the previous occasion when we debated shareholde...
Lord Sharman | 682 c246 (Link to this contribution) My Lords, I support the amendment, principally for the reason that the voluntary scheme which is ope...
Lord Sainsbury of Turville | 682 c250 (Link to this contribution) moved Amendment No. 512B: "Page 426, line 43, leave out ““that for which it is disclosed”” and inse...
Lord Sainsbury of Turville | 682 c250 (Link to this contribution) moved Amendment No. 512C: "Page 513, line 14, column 2, leave out from beginning to end of line 15 ...
Lord Sainsbury of Turville | 682 c249 (Link to this contribution) moved Amendment No. 512A: "Page 426, line 17, leave out paragraphs (a) and (b) and insert—" ““(  ...
Lord Hodgson of Astley Abbotts | 682 c249-50 (Link to this contribution) My Lords, I am grateful to the Minister. This issue caused a lot of concern. It is a technical area ...
Lord Sainsbury of Turville | 682 c246-8 (Link to this contribution) No, my Lords, the point that I was making was about people’s enthusiasm for a voluntary scheme as op...
Lord Hodgson of Astley Abbotts | 682 c248-9 (Link to this contribution) I am grateful for that very considered response. I am also grateful to the noble Lord, Lord Sharman,...
Lord Hodgson of Astley Abbotts | 682 c246 (Link to this contribution) My Lords, the Minister really cannot get away with that. We are talking here not about disclosure to...
Lord Sainsbury of Turville | 682 c251-2 (Link to this contribution) moved Amendment No. 531: "After Clause 881, insert the following new clause—" ““CONTINUITY OF THE...
Lord Sainsbury of Turville | 682 c250-1 (Link to this contribution) moved Amendments Nos. 512D to 530: "Page 513, line 19, at end insert—"
Lord Hodgson of Astley Abbotts | 682 c252 (Link to this contribution) My Lords, I am not quite as happy as the Minister thought I might be. What we are concerned about is...
Lord Hodgson of Astley Abbotts | 682 c253 (Link to this contribution) My Lords, I am grateful to the Minister for that. This is a practitioner issue and it would be wrong...
Lord Sainsbury of Turville | 682 c252 (Link to this contribution) My Lords, there are two parts to this: the general bit and then the transitional arrangements to cov...
Lord Sainsbury of Turville | 682 c253 (Link to this contribution) moved Amendment No. 532: "Page 432, line 14, after ““provisions),”” insert ““except section 880 and...
Lord Sainsbury of Turville | 682 c218 (Link to this contribution) moved Amendment No. 483:"Page 333, line 32, leave out ““non-disclosure certificates”” and insert ““p...
Lord Hodgson of Astley Abbotts | 682 c232-3 (Link to this contribution) My Lords, I am grateful to the Minister for that response. I take at least half the blame, having go...
Lord Sharman | 682 c244 (Link to this contribution) My Lords, I thank the Minister for that and I beg leave to withdraw the amendment. Amendment, by le...
Lord Sainsbury of Turville | 682 c233 (Link to this contribution) My Lords, I would like to think that the Government had thought in that detail on this particular is...