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Companies Bill [Lords] (Programme) (No. 3)

I beg to move,"That the Order of 6th June 2006 (Company Law Reform Bill [Lords] (Programme)) be varied as follows:""Paragraphs 4 and 5 of the Order shall be omitted.""Proceedings on consideration and Third Reading shall be completed in three days.""Proceedings on consideration shall be taken on each of those days as shown in the first column of the Table and in the order so shown.""Each part of those proceedings shall (so far as not previously concluded) be brought to a conclusion at the time specified in relation to it in the second column of the Table.""Proceedings on Third Reading shall (so far as not previously concluded) be brought to a conclusion at 6.00 p.m. on the third day."

The motion increases the time allowed on Report and Third Reading from one day to three days. It also sets out an order of consideration and a time for conclusion of proceedings on various parts, which has been discussed through the usual channels to assist us in making the best use of the time. This protects time for Members to debate the areas regarded as most important, and allows time for scrutiny of other areas of the Bill. We recognise that the Bill is long and complex, but there has been a high degree of collaboration with interested parties. The Bill has had the benefit of detailed scrutiny in another place and of 11 days in Committee. There is a strong consensus on a great deal of it.