Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 30 January 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL] 2005-06.
Company Law Reform Bill [HL]
The concern here is that companies exempt from including limited in their names should use their profits to promote their various public-benefit objects. Section 30 of the 1985 Act refers explicitly to ““profits”” and the amendment picks up that wording. We have taken the view that ““income”” includes ““profits””, so a separate reference to ““profits”” is unnecessary.
Secondary information
- Type
- Proceeding contribution
- Reference
- 678 c52GC
- Session
- 2005-06
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Charities Accountancy Company law Companies Directors Charity Commission Fees and charges Documents Insolvency Registration Small businesses Shares Shareholders
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-11-21 11:07:30 +0000
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