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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]

moved Amendment No. 102:"Page 89, line 25, leave out ““proposal”” and insert ““payment””" The noble Lord said: My Lords, I rise to talk to Amendments Nos. 102 and 103. The first amendment replaces the word ““proposal”” in Clause 197(2) with the word ““payment””. This brings the wording of the subsection into line with subsection (1) and the equivalent subsections in subsequent clauses. The amendment does not change the operation of the clause. The payment must still be approved by the members before it is made. The second amendment is a minor drafting improvement. It does not change the meaning of the provision at all. I beg to move. On Question, amendment agreed to. Clause 199 [Payment in connection with share transfer: requirement of members’ approval]:

Secondary information

Type
Proceeding contribution
Reference
681 c871 
Session
2005-06
Chamber / Committee
House of Lords chamber
Subjects
Disclosure of information Contracts Accountability Charities Community interest companies Company law Companies Directors Animal experiments Fraud Finance Families Liability Insolvency Harassment Public companies Private companies Shares Shareholders
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk