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Company Law Reform Bill

Before the noble Lord does so, I should like to emphasise again that under the existing law, this would be a criminal offence. That is being changed. Further, certainly in the generality of cases, I struggle to understand why re-registration would not be possible, particularly if one is postulating circumstances in which a company is raising fresh capital from a range of people who may not be existing shareholders. It certainly would not be the norm that they would not be able to re-register. Obviously we will reflect on the points that have been made.