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Proceeding contribution from Lord Sharman (Liberal Democrat) 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. A183:"Page 322, line 33, at beginning insert ““Subject only to subsection (5),””" The noble Lord said: This amendment seeks to clarify the relationship between Clause 662(3) and Clause 662(5). Clause 662(3) states that an EEA company, which is defined in Clause 764, may always be registered under its corporate name when stating its name for the purposes of registration as an oversea company under Clause 662(1). Some EEA states, such as Greece, do not use the Roman alphabet, so there is a tension between Clause 662(3) and Clause 662(5), which provides:"““The provisions of section 58 (permitted characters etc) apply in every case””." It would be open to the Secretary of State to require, by regulations made under Clause 58, that the Roman alphabet must be used in stating a name for registration purposes. We suggest that Clause 717 does not provide a solution to this problem. We think that Clause 662(5) is intended to override Clause 662(3), but we suggest that the matter should be put beyond doubt by the amendment. I beg to move.


Secondary information

Type
Proceeding contribution
Reference
680 c338-9GC 
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