Session 2014 - 15
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Other Bills before Parliament


 
 

Public Bill Committee:                               

253

 

, continued

 
 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  152,  line  46,  after “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  153,  line  5,  after first “or” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  153,  line  8,  after “or” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  153,  line  26,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  154,  line  18,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  155,  line  15,  after “or” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  157,  line  8,  after “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.


 
 

Public Bill Committee:                               

254

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  157,  line  12,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  157,  line  14,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  157,  line  27,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  157,  line  36,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Mr Iain Wright

 

Ian Murray

 

Toby Perkins

 

Schedule  3,  page  159,  line  32,  at end insert—

 

“(c)    

provide for the application to be determined by the court;

 

(d)    

provide for the register to show that, pursuant to an application under

 

this section, restrictions on use and disclosure of information are in

 

place.”

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  164,  line  25,  at end insert—

 

“Limited partnerships

 

22A(1)  

An individual does not meet the specified condition in paragraph 2, 3 or 4 in

 

relation to a company by virtue only of being a limited partner.

 

      (2)  

An individual does not meet the specified condition in paragraph 2, 3 or 4 in

 

relation to a company by virtue only of, directly or indirectly—

 

(a)    

holding shares,

 

(b)    

holding a right, or

 

(c)    

controlling the exercise of a right,

 

            

in or in relation to a limited partner which (in its capacity as such) would meet

 

the condition if it were an individual.


 
 

Public Bill Committee:                               

255

 

, continued

 
 

      (3)  

Sub-paragraphs (1) and (2) do not apply for the purposes of determining

 

whether the requirement set out in paragraph (a) of the specified condition in

 

paragraph 6 is met.

 

      (4)  

In this paragraph “limited partner” means a limited partner in a limited

 

partnership registered under the Limited Partnerships Act 1907 (other than one

 

who takes part in the management of the partnership business).”

 

Member’s explanatory statement

 

This amendment provides that in the case of a limited partnership, a limited partner or individual

 

holding a direct or indirect share or right in a limited partner will not meet the specified conditions

 

mentioned (that is, will not be a person with significant control) by virtue only of that fact.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  165,  line  15,  leave out “14 days” and insert “one month”

 

Member’s explanatory statement

 

This amendment allows a company to issue a restrictions notice within one month of a warning

 

notice having been issued, rather than 14 days as previously.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  171,  line  17,  after “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  171,  line  26,  after second “a” insert “registrable”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  171,  line  31,  leave out “relevant” and insert “registrable relevant”

 

Member’s explanatory statement

 

This amendment is consequential on amendment 108.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  171,  line  33,  at end insert—

 

“5A      

In section 120 (information as to state of register and index), in subsection (1),

 

for “there were no” substitute “whether there are”.”

 

Member’s explanatory statement

 

This amendment amends section 120 of the Companies Act 2006 to clarify that a company must

 

tell those inspecting or receiving a copy of the members register whether there are any further

 

changes to be made to it. This brings section 120 into line with the new section 790S (see

 

amendment 114).


 
 

Public Bill Committee:                               

256

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  172,  line  4,  at end insert—

 

“7A(1)  

Section 1126 (consents required for certain prosecutions) is amended as

 

follows.

 

      (2)  

In subsection (1), at the end insert—

 

“section 1112 of this Act (general false statement offence);

 

paragraph 5 or 6 of Schedule 1B to this Act (breach of certain restrictions

 

imposed under that Schedule)”.

 

      (3)  

In subsection (2)(a)—

 

(a)    

omit the “or” at the end of sub-paragraph (ii), and

 

(b)    

after sub-paragraph (iii) insert “or

 

(iv)    

section 1112 of this Act,”.

 

      (4)  

In subsection (2)(b), after “section 798 of” insert “, or paragraph 5 or 6 of

 

Schedule 1B to,”.

 

      (5)  

In subsection (3)(a)—

 

(a)    

omit the “or” at the end of sub-paragraph (ii), and

 

(b)    

after sub-paragraph (iii) insert “or

 

(iv)    

section 1112 of this Act,”.

 

      (6)  

In subsection (3)(b), after “section 798 of” insert “, or paragraph 5 or 6 of

 

Schedule 1B to,”.”

 

Member’s explanatory statement

 

This amendment amends section 1126 of the Companies Act 2006 to require the consent of the

 

Secretary of State to prosecute certain offences under new Schedule 1B to that Act and of the

 

Secretary of State or Director of Public Prosecutions to prosecute offences under section 1112 of

 

that Act.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  3,  page  172,  line  16,  at end insert—

 

““registrable relevant legal entity (in Part

section 790C(9A)”,”

 
 

21A)

  
 

Member’s explanatory statement

 

This amendment is consequential on amendment 80.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  178,  line  36,  leave out “1144” and insert “1143”

 

Member’s explanatory statement

 

This amendment corrects a cross-reference to provisions of the Companies Act 2006 to ensure that

 

the “company communications provisions” of that Act apply to Schedule 4 in their entirety.


 
 

Public Bill Committee:                               

257

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  178,  line  38,  at end insert—

 

“Company filings: language requirements

 

14A      

Sections 1103, 1104 and 1107 of the Companies Act 2006 (language

 

requirements) apply to all documents required to be delivered to the registrar

 

under this Part of this Schedule.”

 

Member’s explanatory statement

 

This amendment ensures that the language requirements for documents required to be filed with

 

the registrar under Schedule 4 are consistent with the requirements under the Companies Act

 

2006.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  179,  line  21,  at end insert—

 

“( )    

section 1129 (legal professional privilege);

 

( )    

section 1132 (production and inspection of documents).”

 

Member’s explanatory statement

 

This amendment ensures that legal and professional privilege and production and inspection of

 

documents provisions in respect of an offence committed under Schedule 4 are consistent with the

 

provisions that apply in relation to offences committed under the Companies Act 2006.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  179,  line  26,  at end insert—

 

““Companies Acts” has the same meaning as in the Companies Act 2006

 

(see section 2 of that Act);”

 

Member’s explanatory statement

 

This amendment ensures that references to the Companies Acts in Schedule 4 have the same

 

meaning as in the Companies Act 2006.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  179,  line  33,  leave out “Act 2006” and insert “Acts”

 

Member’s explanatory statement

 

This amendment and amendment 140 make drafting improvements to reflect that where Schedule

 

4 uses expressions defined in the Companies Act 2006 those expressions are defined in that Act for

 

the purposes of the Companies Acts rather than just for the purposes of the 2006 Act.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  179,  line  34,  leave out “that Act” and insert “those Acts”

 

Member’s explanatory statement

 

See the explanatory statement for amendment 139.


 
 

Public Bill Committee:                               

258

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  179,  line  34,  at end insert—

 

“Transitory provision

 

19A(1)  

Until section 82 (option to keep information on central register) comes into

 

force, this Schedule has effect as if, in each of paragraphs 1(3) and 6(5),

 

paragraph (b) (and the “or” preceding it) were omitted.

 

      (2)  

Until section 85 (contents of statements of capital) comes into force, paragraph

 

7(3) of this Schedule has effect as if—

 

(a)    

paragraph (c) were omitted, and

 

(b)    

after paragraph (d) there were inserted “, and

 

(e)    

the amount paid up and the amount (if any) unpaid

 

on each share (whether on account of the nominal

 

value of the share or by way of premium).””

 

Member’s explanatory statement

 

This amendment provides that until clauses 82 and 85 come into force, various provisions of

 

Schedule 4 have effect in a way which does not refer to material inserted into the Companies Act

 

2006 by those clauses.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  180,  line  14,  after “Schedule)” insert—

 

“(g)    

the cancellation of a share warrant issued by the company and of the

 

shares specified in it pursuant to section 1028A(2) or 1032A(2)

 

(cancellation of share warrants on restoration of a company).”

 

Member’s explanatory statement

 

This amendment inserts an additional exemption into section 617(5) of the Companies Act 2006 to

 

reflect that a company will be permitted to reduce its share capital where a share warrant is

 

cancelled on restoration of a company which, before strike off or dissolution, had bearer shares in

 

issue.

 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  181,  line  40,  at end insert—

 

    “(2)  

Until section 85 (contents of statements of capital) comes into force, the

 

section 1028A inserted by sub-paragraph (1) has effect as if in subsection (6)—

 

(a)    

paragraph (c) were omitted, and

 

(b)    

after paragraph (d) there were inserted “, and

 

(e)    

the amount paid up and the amount (if any) unpaid

 

on each share (whether on account of the nominal

 

value of the share or by way of premium).”

 

      (3)  

Until section 82 (option to keep information on central register) comes into

 

force, the section 1028A inserted by sub-paragraph (1) has effect as if, in

 

subsection (7), paragraph (b) (and the “or” preceding it) were omitted.”

 

Member’s explanatory statement

 

This amendment provides that until clauses 82 and 85 come into force, section 1028A of the

 

Companies Act 2006, inserted by Schedule 4, has effect in a way which does not refer to other

 

material inserted into that Act by those clauses.


 
 

Public Bill Committee:                               

259

 

, continued

 
 

Matthew Hancock

 

Jo Swinson

 

Schedule  4,  page  183,  line  15,  at end insert—

 

    “(2)  

Until section 85 (contents of statements of capital) comes into force, the

 

section 1032A inserted by sub-paragraph (1) has effect as if in subsection (7)—

 

(a)    

paragraph (c) were omitted, and

 

(b)    

after paragraph (d) there were inserted “, and

 

(e)    

the amount paid up and the amount (if any) unpaid

 

on each share (whether on account of the nominal

 

value of the share or by way of premium).”

 

      (3)  

Until section 82 (option to keep information on central register) comes into

 

force, the section 1032A inserted by sub-paragraph (1) has effect as if, in

 

subsection (8), paragraph (b) (and the “or” preceding it) were omitted.”

 

Member’s explanatory statement

 

This amendment provides that until clauses 82 and 85 come into force, section 1032A of the

 

Companies Act 2006, inserted by Schedule 4, has effect in a way which does not refer to other

 

material inserted into that Act by those clauses.

 

Matthew Hancock

 

Jo Swinson

 

Clause  76,  page  49,  line  21,  at end insert—

 

“( )    

Provision made by virtue of subsection (2) may in particular include provision

 

that an appointment may be made only with the approval of a regulatory body

 

specified in the regulations.”

 

Member’s explanatory statement

 

This amendment provides that where the Secretary of State exercises the power to make exceptions

 

to the requirement that all directors must be individuals, the conditions subject to which the

 

appointment of corporate directors is allowed may include approval of the appointment by a

 

regulatory body specified in the regulations.

 

Matthew Hancock

 

Jo Swinson

 

Clause  79,  page  51,  line  10,  at end insert—

 

“( )    

In section 251 of the Insolvency Act 1986 (expressions used generally), in the

 

definition of “shadow director”, for the words from “(but” to the end substitute “,

 

but so that a person is not deemed a shadow director by reason only that the

 

directors act—

 

(a)    

on advice given by that person in a professional capacity;

 

(b)    

in accordance with instructions, a direction, guidance or advice given by

 

that person in the exercise of a function conferred by or under an

 

enactment (within the meaning given by section 1293 of the Companies

 

Act 2006);


 
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