Amendments proposed to the Enterprise Bill - continued	House of Commons
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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

553

*Schedule     17,     page     272,     line     23,     at end insert—

    '5A   In section 129 after subsection (1) add—

    "(1A)   If the court makes an order under paragraph 11(1)(e) of Schedule B1 that the company be wound up, the winding up of the company is deemed to commence at the time of the order.".'.

   

Miss Melanie Johnson

506

*Schedule     17,     page     275,     line     27,     leave out '82(4)(b)' and insert '82(5)(b)'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

554

*Schedule     17,     page     275,     line     27,     at end insert—

    '22 (1)   For section 387(1)(a) substitute—

"(a)

if—

(i)	the winding up is by the court and the winding-up order was made on the termination of an administration, or

(ii)	the company was placed into creditors' voluntary liquidation under paragraph 82 of Schedule B1,

       the relevant date is the date on which the company entered into administration.".'.

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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

523

*Clause     241,     page     167,     line     7,     after 'instrument,' insert 'and the date so appointed shall be a date after the date of such order'.

   

Miss Melanie Johnson

477

*Clause     241,     page     168,     line     17,     leave out from second 'project' to end of line 20 and insert 'which—

(a)	is a financed project, and

(b)	includes step-in rights.'.

   

Miss Melanie Johnson

478

*Clause     241,     page     168,     line     25,     leave out paragraph (b).

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Miss Melanie Johnson

507

*Schedule     18,     page     280,     line     28,     leave out 'raising finance as part of' and insert 'implementing'.

   

Miss Melanie Johnson

508

*Schedule     18,     page     281,     line     42,     after 'to' insert—

'(a)'   

   

Miss Melanie Johnson

509

*Schedule     18,     page     281,     line     43,     at end insert—

', or

(b)	make arrangements for carrying out all or part of the project.

'(2)	In sub-paragraph (1) a reference to the provision of finance includes a reference to the provision of an indemnity.'.

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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

437

Clause     242,     page     170,     line     5,     after 'production)"', insert 'and immediately after those words there shall be inserted "after deducting any amounts paid or payable by the Secretary of State in respect of such debts under Part XII of the Employment Rights Act 1996.".'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

438

Clause     242,     page     170,     line     5,     at end insert—

    '(4)   In section 189 of the Employment Rights Act 1996 (Transfer to Secretary of State of Rights and Remedies) subsections (2) to (4) shall cease to have effect.'.

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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

524

*Clause     243,     page     170,     line     16,     at end insert 'appointed under such floating charge'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

439

Clause     243,     page     170,     leave out lines 17 to 22 and insert—

    '(2)   A prescribed part of the company's net property shall be applied towards the satisfaction of debts that are neither preferential nor secured and shall not be distributed to the proprietor of a floating charge except in so far as it exceeds the amount required for the satisfaction of such debts.

(a)	where subsection (1)(a) applies the liquidator shall use the prescribed part to pay the unsecured debts in whole or in part.

(b)

where subsection (1)(b) applies the administrator shall use the prescribed part to pay the unsecured debts in whole or in part or, if so authorised by proposals approved under paragraph 51 of Schedule B1, make it available for that purpose to a liquidator of the company, the supervisor of a voluntary arrangement to which the company is subject or the company itself.

(c)	where subsection (1)(c) applies the provisional liquidator shall, subject to any order of the court, retain the prescribed part until a winding-up order is made or the petition dismissed.

(d)	where subsection (1)(d) applies the receiver shall use the prescribed part to pay the unsecured debts in whole or in part or make it available for that purpose to any liquidator of the company.'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

440

Clause     243,     page     170,     line     25,     after 'minimum', insert 'amount or less than the prescribed minimum proportion of the unsecured debts.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

456

*Clause     243,     page     170,     line     26,     leave out 'thinks' and insert 'reasonably believes'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

525

*Clause     243,     page     170,     line     35,     after 'property', insert 'subject to a floating charge'.

   

Miss Melanie Johnson

479

*Clause     243,     page     170,     line     35,     leave out from 'property' to end of line 39 and insert 'which would, but for this section, be available for satisfaction of claims of holders of debentures secured by, or holders of, any floating charge created by the company.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

457

*Clause     243,     page     170,     line     36,     at end add 'and limited to the value of the assets over which the fixed charge subsists.'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

526

*Clause     243,     page     170,     line     38,     leave out 'the company's' and insert 'such'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

458

*Clause     243,     page     170,     line     38,     at end add 'including any trading loss incurred.'.

   

Miss Melanie Johnson

480

*Clause     243,     page     170,     line     41,     after 'may', insert ', in particular,'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

459

*Clause     243,     page     171,     line     12,     after 'creation', insert '; in Scotland, references to the creation of a charge are—

(a)	in the case of a floating charge, the date on which the instrument creating the floating charge was executed by the company creating the charge, and

(b)	in any other case, the date on which the right of the person entitled to the benefit of the charge was constituted as a real right.'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

429

Clause     243,     page     171,     line     13,     at end insert—

       '"Receiver" means an administrative receiver or (in Scotland) a receiver appointed under Chapter II of Part III of the Insolvency Act 1986.'.

   

Miss Melanie Johnson

481

*Clause     243,     page     171,     line     19,     leave out 'reason' and insert 'virtue'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

527

*Page     171,     line     21,     leave out Clause 244.

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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry

44

Clause     245,     page     171,     line     33,     leave out 'one year' and insert 'two years'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

455

Clause     245,     page     171,     leave out line 33 and insert—

(a)	in the case of an individual whose bankruptcy arises from the closure of a business or trade established or operated by that individual, one year beginning with the date on which the bankruptcy commences; and

(b)	in cases not falling within subsection 1(a):

(i)	where a certificate for the summary administration of the bankrupt's estate has been issued and is not revoked before the bankrupt's discharge, two years beginning with the date on which the bankruptcy commences; and

(ii)	in any other case, three years beginning with the date on which the bankruptcy commences'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

430

Clause     245,     page     171,     leave out lines 34 to 37.

Prepared 1 May 2002