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Proceeding contribution from Lord Sainsbury of Turville (Labour) in the House of Lords on Tuesday, 9 May 2006. It occurred during Debate on bill on Company Law Reform Bill [HL].


Company Law Reform Bill [HL]

My Lords, there are just two simple issues here. One is the question of whether one talks about ““proper”” or ““improper””. I agree with other noble Lords that the issue is whether, in talking about ““not improper use”” or ““proper use””, one will restrict or widen the definition. The clear advice I have is that if one talks about ““not for a proper use””, one is actually providing a wider definition. We are all agreed that we want a wider definition. I cannot see the logic of restricting the use that can be made of this clause.


Secondary information

Type
Proceeding contribution
Reference
681 c812 
Session
2005-06
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Animal welfare Company law Companies Directors Animal experiments Finance Environment Investment Documents Harassment Ethics Foreign companies Public companies Private companies Shares Shareholders
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk