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Companies Bill [Lords]

With this it will be convenient to discuss the following: Government new clause 19—Relationship of this Part to Part 27. Government new clause 20—Mergers and merging companies. Government new clause 21—Draft terms of scheme (merger). Government new clause 22—Publication of draft terms (merger). Government new clause 23—Approval of members of merging companies. Government new clause 24—Directors’ explanatory report (merger). Government new clause 25—Expert’s report (merger). Government new clause 26—Supplementary accounting statement (merger). Government new clause 27—Inspection of documents (merger). Government new clause 28—Approval of articles of new transferee company (merger). Government new clause 29—Protection of holders of securities to which special rights attached (merger). Government new clause 30—No allotment of shares to transferor company or its nominee (merger). Government new clause 31—Circumstances in which certain particulars and reports not required (merger). Government new clause 32—Circumstances in which meeting of members of transferee company not required (merger). Government new clause 33—Circumstances in which no meetings required (merger). Government new clause 34—Other circumstances in which meeting of members of transferee company not required (merger). Government new clause 35—Divisions and companies involved in a division. Government new clause 36—Draft terms of scheme (division). Government new clause 37—Publication of draft terms (division). Government new clause 38—Approval of members of companies involved in the division. Government new clause 39—Directors’ explanatory report (division). Government new clause 40—Expert’s report (division). Government new clause 41—Supplementary accounting statement (division). Government new clause 42—Inspection of documents (division). Government new clause 43—Report on material changes of assets of transferor company (division). Government new clause 44—Approval of articles of new transferee company (division). Government new clause 45—Protection of holders of securities to which special rights attached (division). Government new clause 46—No allotment of shares to transferor company or its nominee (division). Government new clause 47—Circumstances in which meeting of members of transferor company not required (division). Government new clause 48—Circumstances in which meeting of members of transferee company not required (division). Government new clause 49—Agreement to dispense with reports etc (division). Government new clause 50—Power of court to exclude certain requirements (division). Government new clause 51—Expert’s report: valuation by another person. Government new clause 52—Experts and valuers: independence requirement. Government new clause 53—Experts and valuers: meaning of ““associate””. Government new clause 54—Power of court to summon meeting of members or creditors of existing transferee company. Government new clause 55—Court to fix date for transfer of undertaking etc of transferor company. Government new clause 56—Liability of transferee companies for each other’s defaults. Government new clause 57—Meaning of ““liabilities”” and ““property””.