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Company Law Reform Bill [HL]

I listened carefully to the noble and learned Lord, but I repeat that there is an overriding requirement for a three-fourths majority. The same majority is required in other parts of companies legislation—for a special resolution of members, for example. If the Government are satisfied that it is right to maintain a special resolution requiring three-fourths of the membership, I cannot see why they would not want to do that in this case. Nevertheless, I will consider what the noble and learned Lord has said. In the mean time, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.