Proceeding contribution from Lord Sainsbury of Turville (Labour) in the House of Lords on Tuesday, 28 March 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].
Company Law Reform Bill [HL]
My answer can be summarised by saying that it all depends which particular onion you are talking about in this context. The point here is that Schedule 4 to the Bill contains amendments to the Companies Act 1985 to clarify the wording of the offences in that Act. The amendment would move the provisions set out in paragraphs 32 and 33 of Schedule 4 to the Bill into Schedule 3. That would ensure that all the amendments made to Part 13A of the Companies Act 1985 were set out in one place in the Bill. Currently all amendments relating to offences in the 1985 Act are set out separately in Schedule 4. I consider that there are good reasons for maintaining all the amendments to offences in the 1985 Act together in Schedule 4. Schedule 4 to the Bill provides a comprehensive list of amendments to the offences in the 1985 Act which remain. All such amendments can thus be seen in Schedule 4, and therefore I am not convinced that the noble Lord’s amendments are helpful.
Secondary information
- Type
- Proceeding contribution
- Reference
- 680 c329-30GC
- Session
- 2005-06
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Appeals Accountancy Company law Companies Directors Finance EU law Foreign companies Registration Shares Reform Shareholders Takeovers Takeover Panel
- Legislation
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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