Proceeding contribution from Lord Sainsbury of Turville (Labour) in the House of Lords on Monday, 20 March 2006. It occurred during Debate on bill and Committee proceeding on Company Law Bill [HL].
Company Law Bill [HL]
moved Amendment No. A111:"After Clause 586, insert the following new clause—" ““TRANSFER OF SECURITIES: ORDER-MAKING POWER (1) The Treasury or the Secretary of State may by order designate classes of companies for the purposes of section 586. (2) The Treasury or the Secretary of State may by order provide that, in relation to securities of a specified description— (a) in a designated class of companies, or (b) in a specified company, specified provisions of the regulations either do not apply or apply subject to specified modifications. (3) In this section— (a) ““specified”” means specified in the order, and (b) ““the regulations”” means regulations made under section 207 of the Companies Act 1989 by virtue of section 586. (4) An order under this section is subject to negative resolution procedure.”” On Question, amendment agreed to. Clause 587 [Transfer of securities: supplementary provisions]: [Amendment No. A111A not moved.]
Secondary information
- Type
- Proceeding contribution
- Reference
- 680 c53-4GC
- Session
- 2005-06
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Company law Company accounts Companies Business interests Finance Investment income Membership Meetings Private companies Registration Shares Shareholders
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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