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Company Law Reform Bill [HL]

moved Amendment No. A188:"Page 328, line 38, leave out subsection (2)." The noble Lord said: On the advice of the Law Society, the amendment seeks to remove a transitional provision from the Bill. Clause 679(2) provides that regulations about prescribed forms made by the Secretary of State under the Companies Act 1985 continue to have effect until superseded by provisions made by the registrar under clauses in the Bill. There are numerous requirements for transitional measures as a result of changes made by the Bill—for example, the form of the constitution of existing companies—which are not covered by the relevant clauses in the Bill but are to be dealt with by separate transitional provisions. We agree with this approach. As the provisions will, in many cases, have a limited lifespan, they should not clutter up the Bill. Clause 679(2) is in conflict with this approach and we think it should be removed to the transitional provisions. I beg to move.