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Debate on bill and Committee proceeding on Monday, 30 January 2006, in the House of Lords.

Company Law Reform Bill [HL] 2005-06

Secondary information

Type
Parliamentary proceeding
Reference
678 c1-64GC 
Session
2005-06
Department
Department of Trade and Industry
Committee of the Whole House (HL)
Legislative stage
Committee stage
Chamber / Committee
House of Lords Grand Committee
Related items
Deposited Paper HDEP 2006/232
Friday, 24 March 2006
Deposited papers
House of Lords
Proceeding contributions
Lord Wedderburn of Charlton | 678 c38GC (Link to this contribution) I am grateful to the Minister and to my noble friend Lord Grabiner. This amendment might well arise ...
Lord Hodgson of Astley Abbotts | 678 c54GC (Link to this contribution) I think I got that, but I would like to read what the Minister said. I beg leave to withdraw the ame...
Show all contributions (192)
Lord Hodgson of Astley Abbotts | 678 c52-3GC (Link to this contribution) I am grateful to my noble friend and to the Minister. It probably would be worthwhile to have a look...
Lord Hodgson of Astley Abbotts | 678 c63GC (Link to this contribution) That is a perfectly fair point. The concern on these Benches is that where you have a David and Goli...
Lord Hodgson of Astley Abbotts | 678 c61GC (Link to this contribution) I apologise in that case. But then why do we use the words ““in particular””? ““In particular”” must...
Lord McKenzie of Luton | 678 c60GC (Link to this contribution) I am grateful to my noble friend for his intervention. It does depend on the context. I hope the nob...
Baroness Noakes | 678 c59GC (Link to this contribution) By having a test relative to the size of the company, one protects smaller companies much more than ...
Lord Hodgson of Astley Abbotts | 678 c44GC (Link to this contribution) I accept the Minister’s comment that the consultation showed support for the measure in the English ...
Lord McKenzie of Luton | 678 c45-6GC (Link to this contribution) In responding to Amendments Nos. 50, 51 and 52, perhaps I may say that Clause 47 replaces Section 38...
Lord Clinton-Davis | 678 c44GC (Link to this contribution) If the company would have discretion on the matter—the provision states:"““A company may have a comm...
Lord Hodgson of Astley Abbotts | 678 c42GC (Link to this contribution) moved Amendment No. 48:"Page 18, line 17, at end insert ““who shall not be the same person””" The n...
Lord Hodgson of Astley Abbotts | 678 c47-8GC (Link to this contribution) moved Amendment No. 55:"Page 21, line 37, at end insert—" ““(   )   Regulations under this section...
Lord Sainsbury of Turville | 678 c25-6GC (Link to this contribution) Discussing these amendments may be the peak experience of our discussion of this Bill. They are enti...
Lord Hodgson of Astley Abbotts | 678 c22-3GC (Link to this contribution) We were talking about conflicts between the memorandum and articles. At present, where there is a co...
Lord Hodgson of Astley Abbotts | 678 c18-9GC (Link to this contribution) Thank you, Deputy Chairman. Amendments Nos. 18 and 19 are concerned with Clauses 24 and 25. This iss...
Lord Hodgson of Astley Abbotts | 678 c10-1GC (Link to this contribution) That was not the purpose of the amendment. The words ““unless otherwise agreed”” refer to a regulato...
Lord Sainsbury of Turville | 678 c8GC (Link to this contribution) We are talking about the company’s statement of initial shareholdings, which is extremely important....
Lord Hodgson of Astley Abbotts | 678 c29-30GC (Link to this contribution) moved Amendment No. 33:"Page 12, line 4, at end insert ““, within 15 days after it is passed or made...
Lord Sainsbury of Turville | 678 c38GC (Link to this contribution) moved Amendment No. 40:"Page 14, line 19, leave out subsections (1) and (2) and insert—" ““(   )  ...
Lord Razzall | 678 c40-1GC (Link to this contribution) I give general support to the point made by the noble Lord, Lord Hodgson. My noble friend Lord Sharm...
Lord McKenzie of Luton | 678 c54GC (Link to this contribution) This amendment concerns how a company changes its name to comply with a direction that it should inc...
Lord McKenzie of Luton | 678 c55-6GC (Link to this contribution) I shall deal with both issues together. Regarding the statistics, less than one per cent of all name...
Lord Hodgson of Astley Abbotts | 678 c56-7GC (Link to this contribution) moved Amendment No. 70:"Page 29, line 1, at end insert ““within six months of the company’s registra...
Lord McKenzie of Luton | 678 c57GC (Link to this contribution) We are always happy to think further about anything that is discussed in Grand Committee or in your ...
Lord Hodgson of Astley Abbotts | 678 c52GC (Link to this contribution) moved Amendment No. 63:"Page 25, line 2, after first ““its”” insert ““profits (if any) or other””" ...
Baroness Noakes | 678 c52GC (Link to this contribution) Does the Minister think that the general accountancy term would have income included in the word ““p...
Lord Hodgson of Astley Abbotts | 678 c53-4GC (Link to this contribution) moved Amendment No. 67:"Page 26, line 16, leave out ““may”” and insert ““must””" The noble Lord sai...
Lord McKenzie of Luton | 678 c53GC (Link to this contribution) moved Amendment No. 64:"Page 25, leave out lines 26 to 37 and insert—" ““(4)   Where immediately b...
Lord Hodgson of Astley Abbotts | 678 c61-2GC (Link to this contribution) moved Amendment No. 73:"Page 30, line 32, at end insert—" ““(   )   requiring the publication of a...
Lord McKenzie of Luton | 678 c61GC (Link to this contribution) The noble Lord has pre-empted my response. Subsection (2) lists various matters that the company nam...
Lord McKenzie of Luton | 678 c59GC (Link to this contribution) I understand the thrust behind the amendment, but I am a little surprised at how it has been propose...
Lord Hodgson of Astley Abbotts | 678 c58-9GC (Link to this contribution) moved Amendment No. 71:"Page 29, line 28, at end insert—" ““(   )   In this section ““start-up cos...
Lord Razzall | 678 c58GC (Link to this contribution) moved Amendment No. 70A:"Page 29, line 28, at end insert ““, and" (b)   ““reputation”” includes th...
Lord McKenzie of Luton | 678 c44GC (Link to this contribution) I do not believe that there is an inconsistency. As I explained when we debated previous amendments,...
Lord McKenzie of Luton | 678 c42-3GC (Link to this contribution) moved Amendment No. 49:"Page 18, line 27, leave out ““is it”” and insert ““it is””" On Question, am...
Lord McKenzie of Luton | 678 c42GC (Link to this contribution) The purpose of the amendment is wholly sound, but I will nevertheless resist it. It is clearly right...
Lord Hodgson of Astley Abbotts | 678 c42GC (Link to this contribution) I am grateful to the Minister for reassuring me of that. If it is covered elsewhere, we would not wi...
Lord McKenzie of Luton | 678 c43-4GC (Link to this contribution) The clause is needed to retain the existing option for companies of whether to have a seal. Followin...
Lord Hodgson of Astley Abbotts | 678 c41-2GC (Link to this contribution) I am grateful to the Minister for his response. The thrust of what he is saying seems to be that we ...
Lord Hodgson of Astley Abbotts | 678 c50-1GC (Link to this contribution) I am grateful to the Minister. I beg leave to withdraw the amendment. Amendment, by leave, withdraw...
Lord Hodgson of Astley Abbotts | 678 c51GC (Link to this contribution) moved Amendment No. 62:"Page 24, line 25, leave out ““, or any return of capital,””" The noble Lord...
Lord Hodgson of Astley Abbotts | 678 c48GC (Link to this contribution) moved Amendment No. 56:"Page 22, line 9, leave out ““company”” and insert ““applicant””" The noble ...
Lord Hodgson of Astley Abbotts | 678 c48GC (Link to this contribution) I am sure that those concerned will be very much reassured by the Minister’s words. I suppose that t...
Lord McKenzie of Luton | 678 c48GC (Link to this contribution) I assure the Committee that the regulations under the clause do not provide power to require a compa...
Lord McKenzie of Luton | 678 c46-7GC (Link to this contribution) This clause provides that the regulations be subject to approval after being made—an unusual formula...
Lord Hodgson of Astley Abbotts | 678 c46GC (Link to this contribution) I certainly would not wish to argue with the Minister and his officials on the legal provisions here...
Lord McKenzie of Luton | 678 c46GC (Link to this contribution) It is not necessary to specify documents, as the power in relation to deeds covers the issue of docu...
Lord Grabiner | 678 c63GC (Link to this contribution) One frequently forgets that David won the battle.
Lord Hodgson of Astley Abbotts | 678 c64GC (Link to this contribution) I thank the Minister for that further reassurance. It is probably the point at which this David, hav...
Lord Sainsbury of Turville | 678 c26-7GC (Link to this contribution) The amendment suggests removing subsection (1)(b) of the clause, which restates Section 380(4)(c) of...
Lord Hodgson of Astley Abbotts | 678 c25GC (Link to this contribution) If we felt that the Government did not get that balance right, we would not hesitate to say so. If t...
Lord Hodgson of Astley Abbotts | 678 c22GC (Link to this contribution) moved Amendment No. 23:"Page 11, line 2, at end insert—" ““(   )   If there is a conflict between ...
Lord McKenzie of Luton | 678 c22GC (Link to this contribution) Perhaps I may point out that this is in addition to any liability to criminal proceedings in respect...
Lord Hodgson of Astley Abbotts | 678 c19GC (Link to this contribution) I must say that that is a disappointing response. The noble Lord, Lord Sainsbury, remarked that I am...
Lord McKenzie of Luton | 678 c19GC (Link to this contribution) In considering these amendments it is worth pointing out that the statement of compliance which comp...
Lord McKenzie of Luton | 678 c17-8GC (Link to this contribution) The ability of companies to entrench certain provisions in their articles is valuable, especially in...
Lord Hodgson of Astley Abbotts | 678 c18GC (Link to this contribution) moved Amendment No. 18:"Page 9, line 16, leave out subsections (2) to (4)." The noble Lord said: In...
Lord Hodgson of Astley Abbotts | 678 c15GC (Link to this contribution) I am grateful to the Minister. I do not intend to pursue the issue further but I am sure it will ari...
Lord Sainsbury of Turville | 678 c15GC (Link to this contribution) I know that this is a favourite subject of the House of Lords and I have experienced many examples o...
Lord Hodgson of Astley Abbotts | 678 c12-3GC (Link to this contribution) moved Amendment No. 11:"Page 6, line 3, leave out ““to be a public company”” and insert ““required o...
Lord Sainsbury of Turville | 678 c10GC (Link to this contribution) It is important for third parties to be able to discover who forms a company. It is also important t...
Lord Hodgson of Astley Abbotts | 678 c12GC (Link to this contribution) I accept the Minister’s comments. The advice we have received is that the amounts are normally nomin...
Lord Sainsbury of Turville | 678 c11GC (Link to this contribution) moved Amendment No. 8:"Page 5, line 13, leave out from ““must”” to ““state”” in line 16." The noble...
Lord Hodgson of Astley Abbotts | 678 c11GC (Link to this contribution) moved Amendment No. 10:"Page 5, line 33, leave out ““one year”” and insert ““three years””" The nob...
Lord Sainsbury of Turville | 678 c5-6GC (Link to this contribution) First, on a point of detail, let me make clear that the requirement for a company to state the addre...
Lord Hodgson of Astley Abbotts | 678 c4-5GC (Link to this contribution) moved Amendment No. 3:"Page 4, line 16, leave out paragraph (b) and insert—" ““(   )   the address...
Lord Clinton-Davis | 678 c5GC (Link to this contribution) I cannot help but think that the noble Lord, Lord Hodgson, has been advised that it is desirable to ...
Lord Hodgson of Astley Abbotts | 678 c8-9GC (Link to this contribution) I am grateful to my noble friend for her support and to the Minister for his comments. I am not sure...
Lord Hodgson of Astley Abbotts | 678 c7GC (Link to this contribution) moved Amendment No. 4:"Page 5, line 4, leave out ““It”” and insert ““The first annual return””" The...
Lord Lyell | 678 c1GC (Link to this contribution) We have the usual housekeeping. Before I put the Question that the Title be postponed, I remind your...
Baroness Noakes | 678 c33GC (Link to this contribution) The Minister’s answer was given in the context of larger companies. A huge number of relatively smal...
Lord Sainsbury of Turville | 678 c33GC (Link to this contribution) These amendments would enable companies to charge a reasonable amount for providing information. For...
Lord Sainsbury of Turville | 678 c34GC (Link to this contribution) moved Amendment No. 38:"Page 14, line 10, leave out from ““if”” to end of line 13 and insert ““there...
Lord Wedderburn of Charlton | 678 c34-5GC (Link to this contribution) moved, as an amendment to Amendment No. 38, Amendment No. 39:"Line 2, after ““part”” insert ““of the...
Lord Sainsbury of Turville | 678 c29GC (Link to this contribution) As we have discussed on earlier amendments to this clause, this relates essentially to the drafting ...
Lord Sainsbury of Turville | 678 c30GC (Link to this contribution) Clause 30 sets out a variety of types of resolutions and agreements which affect a company’s constit...
Lord Hodgson of Astley Abbotts | 678 c32-3GC (Link to this contribution) moved Amendment No. 36:"Page 14, line 7, at end insert—" ““(   )   A company may make a reasonable...
Lord Hodgson of Astley Abbotts | 678 c27GC (Link to this contribution) I understand and note what the Minister said. The evidence that we have had from practitioners is th...
Lord Sainsbury of Turville | 678 c27GC (Link to this contribution) The Bill removes the distinction between extraordinary resolutions, requiring a majority of 75 per c...
Lord Hodgson of Astley Abbotts | 678 c27GC (Link to this contribution) I thank the Minister for that reassurance. I need to think about what he said regarding this technic...
Lord Sainsbury of Turville | 678 c28GC (Link to this contribution) Similarly, the suggestion to omit subsection (1)(f) relating to resolutions under Section 578 does n...
Lord Hodgson of Astley Abbotts | 678 c28GC (Link to this contribution) I am grateful to the Minister for that response. We will reflect on his remarks and no doubt we shal...
Lord Hodgson of Astley Abbotts | 678 c28GC (Link to this contribution) moved Amendment No. 31:"Page 11, line 39, at end insert—" ““(   )   a resolution passed by the dir...
Lord Sainsbury of Turville | 678 c28-9GC (Link to this contribution) The amendment suggests that the clause should cover resolutions passed by the directors in complianc...
Lord McKenzie of Luton | 678 c41GC (Link to this contribution) We accept Amendments Nos. 44 and 49. Therefore, I will not need to refer to them any more. Clause 4...
Lord Hodgson of Astley Abbotts | 678 c39-40GC (Link to this contribution) moved Amendment No. 43:"Page 18, line 9, leave out subsection (2)." The noble Lord said: Amendments...
Lord Hodgson of Astley Abbotts | 678 c54-5GC (Link to this contribution) In opposing the Motion, I shall speak first to Amendment No. 68, relating to Clause 69, that makes s...
Lord Hodgson of Astley Abbotts | 678 c56GC (Link to this contribution) moved Amendment No. 69:"Page 28, line 40, leave out ““Great Britain”” and insert ““the United Kingdo...
Lord Hodgson of Astley Abbotts | 678 c56GC (Link to this contribution) I quite understand the Minister’s concern about commercial uncertainty, which is in no one’s interes...
Lord Hodgson of Astley Abbotts | 678 c57GC (Link to this contribution) I am grateful to the Minister. I listened carefully to what he said, but I did not understand why th...
Lord McKenzie of Luton | 678 c53GC (Link to this contribution) moved Amendments Nos. 65 and 66:"Page 26, line 9, leave out ““subsection (2) of that section”” and i...
Lord Hodgson of Astley Abbotts | 678 c62GC (Link to this contribution) I only partially accept that. First, I do not believe that Clause 72(2)(j) requires proceedings to b...
Lord Hodgson of Astley Abbotts | 678 c61GC (Link to this contribution) That was certainly predictable. What is interesting about this is that if we look at Grand Committee...
Lord Hodgson of Astley Abbotts | 678 c60-1GC (Link to this contribution) moved Amendment No. 72:"Page 30, line 10, leave out ““may”” and insert ““shall””" The noble Lord sa...
Lord Hodgson of Astley Abbotts | 678 c60GC (Link to this contribution) I accept the point that the Minister has made. I am grateful to all those noble Lords who participat...
Lord McKenzie of Luton | 678 c44-5GC (Link to this contribution) Perhaps we should let history take its course here. Clause 45 agreed to. Clause 46 agreed to. Cla...
Lord Hodgson of Astley Abbotts | 678 c46GC (Link to this contribution) I am grateful to the Minister. I take it that he is prepared to look again at Amendment No. 51.
Viscount Trenchard | 678 c44GC (Link to this contribution) Can the Minister explain the apparent inconsistency between the Government’s position that, if a com...
Viscount Trenchard | 678 c44GC (Link to this contribution) I thank the Minister for his reply, but the common seal does not need to be authorised on behalf of ...
Lord Clinton-Davis | 678 c43GC (Link to this contribution) Is it not enough to say that the company may have a common seal—full stop?
Lord Hodgson of Astley Abbotts | 678 c42GC (Link to this contribution) moved Amendment No. 44:"Page 18, line 9, leave out second ““is”” and insert ““if””" On Question, am...
Lord McKenzie of Luton | 678 c50GC (Link to this contribution) I am able to give the same reassurance to noble Lords that the regulations under this clause do not ...
Lord Hodgson of Astley Abbotts | 678 c49GC (Link to this contribution) moved Amendment No. 58:"Page 22, line 13, at end insert ““be accompanied by””" The noble Lord said:...
Lord McKenzie of Luton | 678 c49GC (Link to this contribution) Before I respond to the amendment, perhaps I may use this opportunity to refer to a matter that we p...
Lord Hodgson of Astley Abbotts | 678 c50GC (Link to this contribution) moved Amendment No. 61:"Page 22, line 36, at end insert—" ““(   )   Regulations under this section...
Lord McKenzie of Luton | 678 c48-9GC (Link to this contribution) I thank Members of the Committee for the amendments. I agree that the drafting of the clause is impe...
Lord Sainsbury of Turville | 678 c64GC (Link to this contribution) On that biblical note, it might be a convenient moment for the Committee to adjourn until Wednesday ...
Lord Hodgson of Astley Abbotts | 678 c26GC (Link to this contribution) I am grateful to the Minister. I sought that reassurance, and I beg leave to withdraw the amendment....
Lord Hodgson of Astley Abbotts | 678 c26GC (Link to this contribution) moved Amendment No. 25:"Page 11, line 13, leave out paragraph (b)." The noble Lord said: Amendment ...
Lord Hodgson of Astley Abbotts | 678 c25GC (Link to this contribution) moved Amendment No. 24:"Page 11, line 12, leave out ““paragraph (a)”” and insert—" ““(a)   special...
Lord Hodgson of Astley Abbotts | 678 c22GC (Link to this contribution) I find that strange. It seems to me that even a small company, the smallest company, having been tol...
Lord McKenzie of Luton | 678 c21GC (Link to this contribution) Other clauses in the Bill establish the duty for companies to send to the registrar copies of any do...
Lord Hodgson of Astley Abbotts | 678 c20-1GC (Link to this contribution) moved Amendment No. 21:"Page 10, line 31, leave out ““£200”” and insert ““£1,000””" The noble Lord ...
Lord Hodgson of Astley Abbotts | 678 c20GC (Link to this contribution) Am I right in saying that this redraft actually puts a time scale on filing that is not present in t...
Lord McKenzie of Luton | 678 c19-20GC (Link to this contribution) moved Amendment No. 20:"Page 10, line 2, leave out subsection (1) and insert—" ““(1)   Where a com...
Lord Hodgson of Astley Abbotts | 678 c18GC (Link to this contribution) I am grateful to the Minister. I hope that he will forgive me for saying that his speaking note is n...
Lord Lyell | 678 c15GC (Link to this contribution) I must tell the Committee that if Amendment No. 14 is agreed to, I cannot call Amendment No. 15.
Lord Sainsbury of Turville | 678 c13-4GC (Link to this contribution) These amendments relate to the important subject of company secretaries. Later provisions in Part 12...
Lord Hodgson of Astley Abbotts | 678 c14GC (Link to this contribution) I am disappointed with the Minister. While I understand that company secretaries in private companie...
Lord Hodgson of Astley Abbotts | 678 c10GC (Link to this contribution) I am grateful to the Minister, but I am not clear about the point he made. He suggested that a bankr...
Lord Grabiner | 678 c10GC (Link to this contribution) Perhaps I may assist the noble Lord. My understanding of Amendments Nos. 5 and 6, when read together...
Lord Sainsbury of Turville | 678 c11-2GC (Link to this contribution) This amendment deals with the position of companies limited by guarantee. Such companies are, of cou...
Lord Hodgson of Astley Abbotts | 678 c6-7GC (Link to this contribution) I thank the Minister for that. Perhaps I may say to the noble Lord, Lord Clinton-Davis, who clearly ...
Baroness Noakes | 678 c8GC (Link to this contribution) Can the Minister explain what useful information is available by recording the subscribers for compa...
Lord Sainsbury of Turville | 678 c3-4GC (Link to this contribution) It may be worth setting out what the memorandum of a company will be under the Bill. The Company Law...
Lord Hodgson of Astley Abbotts | 678 c4GC (Link to this contribution) I am grateful to the Minister for that explanation. The important point that he put on the record is...
Lord Hodgson of Astley Abbotts | 678 c33-4GC (Link to this contribution) I am grateful for my noble friend’s pertinent intervention and contribution, as ever. Clearly, a sub...
Lord Sainsbury of Turville | 678 c36-7GC (Link to this contribution) As the noble Lord, Lord Wedderburn, reminded us, Clause 35 has a long pedigree. It has been part of ...
Lord Hodgson of Astley Abbotts | 678 c29GC (Link to this contribution) moved Amendment No. 32:"Page 11, line 40, leave out subsection (2) and insert—" ““(   )   For the ...
Lord Hodgson of Astley Abbotts | 678 c31GC (Link to this contribution) moved Amendment No. 35:"Page 13, line 33, leave out sub-paragraph (i)." The noble Lord said: This a...
Lord Sainsbury of Turville | 678 c31GC (Link to this contribution) This amendment is the first of a number that we will be discussing that relate to the information th...
Lord Hodgson of Astley Abbotts | 678 c31-2GC (Link to this contribution) I really am disappointed by that. I thought that we might strike oil on this one. I can understand t...
Lord Hodgson of Astley Abbotts | 678 c27-8GC (Link to this contribution) moved Amendment No. 30:"Page 11, line 25, leave out paragraph (f)." The noble Lord said: This is an...
Lord Hodgson of Astley Abbotts | 678 c39GC (Link to this contribution) I am extremely grateful to the Minister. I beg leave to withdraw the amendment. Amendment, by leave...
Lord Sainsbury of Turville | 678 c39GC (Link to this contribution) The noble Lord had an insightful view of what my note might say. The Bill addresses a moving target....
Lord Hodgson of Astley Abbotts | 678 c38-9GC (Link to this contribution) moved Amendment No. 42:"Page 17, line 33, leave out ““Commissioners”” and insert ““Commission””" Th...
Lord Sainsbury of Turville | 678 c38GC (Link to this contribution) moved Amendment No. 41:"Page 15, line 3, after ““company”” insert ““limited by guarantee and””" On ...
Baroness Turner of Camden | 678 c39GC (Link to this contribution) I remind the Committee that if Amendment No. 43 is carried, I will not be able to call Amendments No...
Lord McKenzie of Luton | 678 c57GC (Link to this contribution) This clause is the first of a group intended to address a particular abuse of the registration proce...
Lord Hodgson of Astley Abbotts | 678 c52GC (Link to this contribution) I think that I understand what the noble Lord is driving at. I believe he said that there were some ...
Lord McKenzie of Luton | 678 c51-2GC (Link to this contribution) This clause applies only to companies limited by shares that, by virtue of a licence, are exempt fro...
Lord McKenzie of Luton | 678 c52GC (Link to this contribution) That is a question I posed to myself earlier today. I am assured that our advice is that that term i...
Lord McKenzie of Luton | 678 c52GC (Link to this contribution) The concern here is that companies exempt from including limited in their names should use their pro...
Lord McKenzie of Luton | 678 c62GC (Link to this contribution) This amendment is not necessary. The purpose of the procedure is that if a company has a name chosen...
Lord Grabiner | 678 c62-3GC (Link to this contribution) I intervene only to say that there is nothing in the provision to inhibit the complaining party from...
Lord McKenzie of Luton | 678 c61GC (Link to this contribution) To be clear, I do not think that I was saying that the two are the same, simply that we did not want...
Lord Grabiner | 678 c59GC (Link to this contribution) This is an area where one would determine the meaning of the word ““substantial”” from its context a...
Lord Razzall | 678 c58GC (Link to this contribution) I am not sure that that answers the point made by the CBI, but I shall reflect on that and come back...
Lord McKenzie of Luton | 678 c58GC (Link to this contribution) I do not consider Amendment No. 70A to be necessary as Clause 70(7), which has already been referred...
Lord Hodgson of Astley Abbotts | 678 c57-8GC (Link to this contribution) There were the beginnings of a loaf that was then taken away. We will withdraw the amendment today, ...
Lord McKenzie of Luton | 678 c44GC (Link to this contribution) With due respect, the noble Viscount answered his own question. In one case there is recognition, ev...
Lord Hodgson of Astley Abbotts | 678 c45GC (Link to this contribution) moved Amendment No. 50:"Page 19, line 6, after ““deeds”” insert ““or other documents””" The noble L...
Lord McKenzie of Luton | 678 c44GC (Link to this contribution) That just emphasises the point that there is an option; the company does not have to have one. As lo...
Lord Hodgson of Astley Abbotts | 678 c43GC (Link to this contribution) I oppose the Motion that Clause 45 stand part of the Bill. The clause has the rather strange title, ...
Lord Razzall | 678 c50GC (Link to this contribution) I want to add a word to the remarks just made by the noble Lord, Lord Hodgson. The particular concer...
Lord Hodgson of Astley Abbotts | 678 c49-50GC (Link to this contribution) I thank the Minister for his comments on Amendments Nos. 50 to 52. If it is any consolation, we are ...
Lord Hodgson of Astley Abbotts | 678 c47GC (Link to this contribution) I am grateful to the noble Lord for that explanation. I have to confess that we have not yet reached...
Lord Hodgson of Astley Abbotts | 678 c46GC (Link to this contribution) moved Amendment No. 54:"Page 21, line 37, leave out ““approval after being made”” and insert ““the n...
Lord Hodgson of Astley Abbotts | 678 c46GC (Link to this contribution) I am not quite clear on one point. The consultation suggested that other documents should not be inc...
Lord McKenzie of Luton | 678 c63-4GC (Link to this contribution) Perhaps I can help the noble Lord a little further. I agree that my noble friend has made a strong p...
Lord Brougham and Vaux | 678 c64GC (Link to this contribution) The Committee stands adjourned until Wednesday at 3.45 pm.
Baroness Turner of Camden | 678 c26GC (Link to this contribution) I remind the Committee that if Amendment No. 25 is carried, I cannot call Amendments Nos. 26 and 27 ...
Lord Hodgson of Astley Abbotts | 678 c25GC (Link to this contribution) I am grateful to the Minister for that reply. We look forward to discussions on Clause 882. We shall...
Lord McKenzie of Luton | 678 c24-5GC (Link to this contribution) I thank the noble Lord, Lord Razzall, for explaining his party’s approach to these proceedings. As h...
Lord Razzall | 678 c23-4GC (Link to this contribution) As I am speaking for the first time in this Grand Committee, perhaps I may say two general things. F...
Lord Hodgson of Astley Abbotts | 678 c21-2GC (Link to this contribution) I am grateful to the Minister. Am I right in thinking that if you do not send the registrar a copy o...
Lord McKenzie of Luton | 678 c20GC (Link to this contribution) The focus was that as drafted the measure required both provisions to go together. There could be ci...
Lord Hodgson of Astley Abbotts | 678 c16GC (Link to this contribution) We have no problem with what the Government propose. We have an amendment in this group to replace t...
Lord Hodgson of Astley Abbotts | 678 c16-7GC (Link to this contribution) moved Amendment No. 17:"Page 9, line 8, leave out ““all”” and insert ““90 per cent of””" The noble ...
Lord Lyell | 678 c18GC (Link to this contribution) May we get under way? The noble Lord, Lord Hodgson, was moving Amendment No. 18 in Clause 24.
Lord Sainsbury of Turville | 678 c15-6GC (Link to this contribution) moved Amendment No. 14:"Page 7, line 1, leave out from ““Act”” to end of line 3." The noble Lord sa...
Lord Hodgson of Astley Abbotts | 678 c15GC (Link to this contribution) moved Amendment No. 13:"Page 6, line 37, leave out ““(or in Wales)”” and insert ““, in England, in W...
Lord Hodgson of Astley Abbotts | 678 c14-5GC (Link to this contribution) We are talking about the balance between large private companies and the function of corporate gover...
Lord Sainsbury of Turville | 678 c14GC (Link to this contribution) I express my disappointment that the noble Lord’s enthusiasm for deregulation has run out so very qu...
Lord Grabiner | 678 c10GC (Link to this contribution) Presumably, a determined repeat bankrupt would avoid the proposed benefits of the amendment by agree...
Lord Sainsbury of Turville | 678 c11GC (Link to this contribution) moved Amendment No. 9:"Page 5, line 16, leave out ““by them on formation”” and insert ““on formation...
Lord Hodgson of Astley Abbotts | 678 c9-10GC (Link to this contribution) moved Amendment No. 5:"Page 5, line 4, after ““and”” insert ““home””" The noble Lord said: In movin...
Lord Sainsbury of Turville | 678 c7-8GC (Link to this contribution) I do not think there is any disagreement that it is important for third parties to be able to find o...
Lord Hodgson of Astley Abbotts | 678 c1GC (Link to this contribution) moved Amendment No. 1:"Page 2, line 2, at end insert ““and Chapter 1 of Part 32 (business names)””" ...
Lord Sainsbury of Turville | 678 c1-2GC (Link to this contribution) Before I turn to the first amendment, I had hoped that we could debate this Bill on a relatively non...
Lord Hodgson of Astley Abbotts | 678 c2-3GC (Link to this contribution) I am grateful to the Minister for his response to the amendment. I am not quite so sure about his ir...
Lord Hodgson of Astley Abbotts | 678 c3GC (Link to this contribution) moved Amendment No. 2:"Page 4, line 7, leave out subsection (2) and insert—" ““(   )   In the case...
Lord Sainsbury of Turville | 678 c33GC (Link to this contribution) You cannot put a limit on this by saying that the information can be requested only once a year. If ...
Lord Sainsbury of Turville | 678 c37GC (Link to this contribution) I had finished my short lecture on company law.
Lord Grabiner | 678 c37-8GC (Link to this contribution) I must be careful not to be beguiled by an amendment put forward by my noble friend Lord Wedderburn ...
Baroness Turner of Camden | 678 c37GC (Link to this contribution) I am sorry; a Division is called. We adjourn for 10 minutes. [The Sitting was suspended for a Divis...
Lord Hodgson of Astley Abbotts | 678 c29GC (Link to this contribution) I thank the Minister for his response. With that we now leave Clause 30 and I am happy to withdraw t...
Lord Hodgson of Astley Abbotts | 678 c30-1GC (Link to this contribution) I am particularly grateful to the Minister for the last response, which was slightly wide of the ori...
Lord Hodgson of Astley Abbotts | 678 c27GC (Link to this contribution) moved Amendment No. 27:"Page 11, line 15, at end insert ““or as an extraordinary resolution””" The ...
Lord Hodgson of Astley Abbotts | 678 c29GC (Link to this contribution) Again I am grateful to the Minister. Perhaps I may point out that I misread my notes. I should have ...
Subjects
Disclosure of information Charities Accountancy Company law Companies Directors Charity Commission Fees and charges Documents Insolvency Registration Small businesses Shares Shareholders
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Parliamentary proceeding on www.publications.parliament.uk