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Company Law Reform Bill [HL]

Again, we will not dwell on this at length this evening, but I think that if the Minister reads subsections (1B) and (1C), he will see conditions there that are nothing to do with time. We talk about the time specified but the 90 per cent condition is the key part of this, and therefore I am not sure that the current drafting will make sense. I accept that the formula is tried and tested and that it has been in the Companies Act since God was a boy, so we will leave it there this evening, but I think that a better formulation of the wording here would meet the two questions of time and conditions. Perhaps we can look at that for a later stage of the Bill. There is a point here regarding clarity, and possibly more than clarity, but, in the mean time, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendment No. A174 not moved.]