Proceeding contribution from Lord Freeman (Conservative) in the House of Lords on Monday, 6 February 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].

Company Law Reform Bill [HL]

moved Amendment No. 170C:"Page 70, line 9, at end insert ““which is or has been declared under section 161 or 165””" The noble Lord said: This is a probing amendment to seek clarification. It is understood that the purpose of Clause 159(3) is to avoid a director having to obtain an authorisation under Clause 159 as well as making a declaration under Clauses 161 or 165. The drafting does not make this particularly clear. It would be helpful if it could be made more explicit, hence the proposed amendment. I beg to move.

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Type: Proceeding contribution
Reference: 678 c291GC
Session: 2005-06
Chamber / Committee: House of Lords Grand Committee
Subjects: Codes of practice Company law Companies Directors Civil proceedings Conduct Finance Liability Management Taxation Shareholders Transfer pricing
Legislation: Company Law Reform Bill (HL) 2005-06
Link: View this Proceeding contribution on www.publications.parliament.uk

Company Law Reform Bill [HL]

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