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Company Law Reform Bill [HL]

moved Amendment No. 347:"Page 243, line 10, leave out from ““of”” to end of line 14 and insert ““any circumstances connected with his ceasing to hold office which he considers should be brought to the attention of the members or creditors of the company, or if he considers that there are no circumstances, a statement that there are none””" The noble Baroness said: My Lords, in moving Amendment No. 347, I wish to speak also to my other amendment which is grouped with it. While the intention to change the existing Companies Act makes it more difficult for auditors to be candid about the circumstances of the loss of office, the proposed amendment reinstates the relevant voting. My second amendment makes Clause 506 redundant. I would like the Government to look at the matter again. I beg to move.