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House of Commons		 Session 1998-99
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Commonwealth Development Corporation Bill [H.L.]

This is the text of the Commonwealth Development Corporation Bill [H.L.], as passed by the House of Lords and introduced in the House of Commons on 10th March 1999.

 
EXPLANATORY NOTES

Explanatory Notes to the Bill, prepared by the Department for International Development, are published separately as HC Bill 60- EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

Secretary Clare Short has made the following statement under section 19(1)(a) of the Human Rights Act 1998:

In my view the provisions of the Commonwealth Development Corporation Bill are compatible with the Convention rights.

 
  
Commonwealth Development Corporation Bill [H.L.]
 
 
 
 
ARRANGEMENT OF CLAUSES

Registration under the Companies Act 1985
Clause 
1.Initial steps by Secretary of State.
2.Filing of documents.
3.Appointing day for registration.
4.Registration.
5.Effect of registration.
6.Initial allotment of shares.
7.Repeal of 1978 Act: savings, &c.

Financial assistance by Government
8.Old loans, advances and guarantees.
9.New loans.
10.New guarantees.
11.Guarantees: supplemental.
12.Other assistance.
13.Accounts.
14.Waiver of payments.
15.Limit on government assistance.

Miscellaneous
16.Requirement to issue securities.
17.Acquisition of securities.
18.Minimum Crown shareholding.
19.Securities held by or for Crown.
20.Trustee Investments Act 1961.
21.Treasury consent.
22.House of Commons Disqualification, &c.
23.Powers and duties of Corporation before registration.

General
24.Interpretation: companies and shares.
25.Interpretation: general.
26.Repeals.
27.Short title, extent and commencement.
 

SCHEDULES:
    Schedule 1-Documents to be filed.
    Schedule 2-Modification of Companies Act 1985, &c..
    Part I-Modifications before registration.
    Part II-Modifications on and after registration.
    Schedule 3-Repeals.
 

 
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Prepared 11 March 1999