Amendments proposed to the Insolvency Bill [Lords], As Amended - continued House of Commons

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Mr David Heathcoat-Amory
Mr Richard Page

31

*Page     16,     line     34     [Schedule     1],     leave out 'it' and insert 'the consideration for which the security was granted'.

   

Mr David Heathcoat-Amory
Mr Richard Page

32

*Page     16,     line     34     [Schedule     1],     at end insert 'or if, at any time, the security is approved by the committee established under paragraph 35(1) or, where there is no such committee, by the nominee.'.


   

Dr Kim Howells

10

Page     19,     line     33     [Schedule     1],     at end insert 'a money market contract or a related contract,'.

   

Dr Kim Howells

11

Page     19,     line     35     [Schedule     1],     after 'charge', insert ', a money market charge or a system-charge'.

   

Dr Kim Howells

12

Page     19,     line     46     [Schedule     1],     after first 'charge', insert ', a money market charge, a system-charge'.


   

Mr David Heathcoat-Amory
Mr Richard Page

36

*Page     20,     line     6     [Schedule     1],     leave out 'the proposed' and insert 'a'.

   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

54

*Page     20,     line     17     [Schedule     1],     at end insert—

    '(3A) The nominee shall provide all employees with information of concern to them as employees and shall consult employees or their representatives on a regular basis.'.

   

Mr David Heathcoat-Amory
Mr Richard Page

33

*Page     20,     line     20     [Schedule     1],     at end insert—

    '(5) The nominee shall have the power to apply to the court for directions to enable him to perform his duties under this paragraph.'.

   

Mr David Heathcoat-Amory
Mr Richard Page

37

*Page     20,     line     27     [Schedule     1],     leave out 'the proposed' and insert 'a'.


   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

47

*Page     21,     line     45     [Schedule     1],     at end insert—

      '(c) on an application by any creditor, any member of the company or any other person affected by the moratorium.'.


   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

4

Page     22,     line     7     [Schedule     1],     leave out from 'creditors' to end of line 9.

   

Dr Kim Howells

13

Page     22,     line     8     [Schedule     1],     leave out from 'period' to 'and' in line 9 and insert 'for the time being specified in paragraph 8(3))'.

   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

48

*Page     22,     line     11     [Schedule     1],     after 'creditor', insert 'director, employee or member of the company, or any other person with an interest in the moratorium'.

   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

49

*Page     22,     line     16     [Schedule     1],     at end insert—

    '(1A) Proper minutes must be kept of all meetings, and those Minutes must be—

      (a) accompanied by a list of all those who attended the meeting;

      (b) must be available for inspection;

      (c) appended to all reports submitted to the courts; and

      (d) filed with the registrar of companies in accordance with paragraph 11(b).'.


   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

50

*Page     24,     line     20     [Schedule     1],     at end insert—

    '(5) In making its decisions the committee shall have regard for the interests of creditors, directors, members and employees of the company, or any other person affected by a moratorium.'.


   

Mr David Heathcoat-Amory
Mr Richard Page

30

*Page     28,     line     33     [Schedule     1],     leave out 'to the value of £500 or more'.

   

Mr David Heathcoat-Amory
Mr Richard Page

21

*Page     28,     line     35     [Schedule     1],     leave out 'to the value of £500 or more'.


   

Dr Kim Howells

53

*Page     30,     line     21     [Schedule     1],     at end insert—

    '( ) Where paragraph 39(3) (implementation of voluntary arrangment) applies, the persons who may apply to the court include the Authority.

    ( ) If a person other than the Authority applies to the court under that paragraph, the Authority is entitled to be heard on the application.'.


   

Mr David Heathcoat-Amory
Mr Richard Page

38

*Page     33,     line     39     [Schedule     1],     leave out 'the proposed' and insert 'a'.


   

Mr Austin Mitchell
Mr Jim Cousins
Mr Alan Simpson

3

Page     35,     line     47     [Schedule     2],     at end insert—

      '(ba) After subsection (4), there is inserted—

    "(4A) The supervisor shall owe a duty of care to the employees of the company and consult regularly with their representatives.".'.


   

Mr David Heathcoat-Amory
Mr Richard Page

25

*Page     38,     line     19     [Schedule     3],     after second 'to', insert 'and occupied by'.

   

Mr David Heathcoat-Amory
Mr Richard Page

24

*Page     38,     line     37     [Schedule     3],     after second 'to', insert 'and occupied by'.


   

Mr David Heathcoat-Amory
Mr Richard Page

39

*Page     39,     line     5     [Schedule     3],     leave out 'the' and insert 'a'.

   

Mr David Heathcoat-Amory
Mr Richard Page

40

*Page     39,     line     5     [Schedule     3],     leave out 'which the debtor is proposing'.


   

Mr David Heathcoat-Amory
Mr Richard Page

41

*Page     40,     line     2     [Schedule     3],     leave out 'the' and insert 'a'.

   

Mr David Heathcoat-Amory
Mr Richard Page

42

*Page     40,     line     2     [Schedule     3],     leave out 'which the debtor is proposing'.


 
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Prepared 14 Nov 2000