Parliamentary Search

Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) in the House of Lords on Thursday, 30 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. A204LA:"Page 466, line 5, leave out ““wholly”” and insert ““materially””" The noble Lord said: This issue has been raised by the Law Society. The operation of paragraph 13(2) of Schedule 6 is believed to be too strict as drafted. It may operate so that the unavailability of a company’s website for a short period may invalidate publications generally made on the website. The concern is that if there is no threshold of materiality, companies may be discouraged from communicating with shareholders via the website. This amendment inserts a provision to make its operation less strict by replacing the word ““wholly”” with the word ““materially””. I beg to move.

Secondary information

Type
Proceeding contribution
Reference
680 c380GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Data protection Databases Audit Accountancy Company law Company accounts Companies Directors Applications Administration Court orders ICT Liability Information Documents Internet Electronic commerce Email Qualifications Personal records Public companies Staff Postal services Registration Reform Companies House Professional Oversight Board for Accountancy Statutory instruments
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk