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Company Law Reform Bill [HL]

Clause 740 relates to the period before the commencement of Section 154(1) of the Criminal Justice Act 2003. The clause heading does not form part of the Bill and cannot be the subject of an amendment agreed in this Committee. However, the House authorities may wish to consider the point made by the noble Lord. However, the description of the clause in its heading as ““transitory”” is because it is a provision that is expected to apply only during a short period of time, and it is not permanent. The subtle distinction which is made, as I understand it, is that a provision such as Clause 741 is ““transitional”” in the context of a change of legislative regime, where it deals with the way in which the old and new regimes are to apply to a case which would otherwise be partly within the old regime and partly within the new. That is called ““transitional””, whereas the previous case is ““transitory”” in that it only exists until particular legislation comes into effect.