Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) in the House of Lords on Thursday, 2 November 2006. It occurred during Debate on bill on Companies Bill [HL].
Companies Bill [HL]
My Lords, I am grateful to the Minister for that reassurance. Concern has been expressed, as he explained to the House, that since we made the changes in the Bill here, which were subsequently reversed, the Charities Bill has had a further airing and a power has been inserted in it. Amendment No. 80 to the Charities Bill inserts a new clause in that Bill before Clause 77. We are not necessarily unhappy about these amendments because, as the Minister has pointed out, they take all the scrutiny of charity accounts into the charities regulations, which seems sensible. We need to be clear, though, that there is co-ordination between the DTI and the Cabinet Office, the department responsible for charities, on the timing of how this will all happen. I think I heard the Minister say it is all intended to be brought into effect early in the new year. Concern has been expressed that with the power being a power only in the Charities Bill, there may be some temptation, dare I say it, to backslide and say, ““It’s all frightfully difficult. We’ll hold back and put it off for a bit longer””. That, obviously, is undesirable. If we do not co-ordinate the two Bills properly, charities will end up subject either to no regulation or to two sets of regulations simultaneously. That is also undesirable. I am seeking a reassurance this afternoon that the Government are on the case on that, and that there is no intention to delay the implementation of the new regime for charity regulation.
Secondary information
- Type
- Proceeding contribution
- Reference
- 686 c475
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Disclosure of information Accountability Charities Audit Company law Company accounts Companies Directors Business Conduct Annual reports Certification Freedom of information Inspections Eligibility Liability Donors EU law Investment Ethics Powers Membership Public interest Political parties Public companies Loans Private companies Small businesses Shares Trade unions Voting rights Shareholders
- Legislation
- Companies Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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