Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) 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]
moved Amendment No. A173E:"Page 441, line 38, leave out ““the time”” and insert ““satisfaction of the conditions””" The noble Lord said: This amendment intends to correct an anomaly present in the current drafting. As I read the Bill, it appears that subsections (1B), (1C) and (2) mentioned in Schedule 3 on page 441 refer not to time periods as new subsection (3) states but, instead, to conditions which can be fulfilled. Therefore, this new subsection should read:"““Within one month of satisfaction of the conditions specified””," as opposed to ““of the time specified””. It seems to us that if they are conditions, that is what new subsection (3) should state, otherwise we are in danger of having an extremely confusing bit of drafting. I beg to move.
Secondary information
- Type
- Proceeding contribution
- Reference
- 680 c333-4GC
- 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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