Amendments proposed to the Company Law Reform Bill [Lords] - continued House of Commons

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Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

123

Clause     58,     page     23,     line     19,     after 'includes', insert ', or change its name to a name that consists of or includes,'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

57

Clause     58,     page     23,     line     21,     at end insert—

    '( )   Regulations under this section shall not require a company to change its name.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

124

Clause     60,     page     23,     line     34,     leave out subsections (1), (2) and (3) and insert—

    '(1)   Subject to section 61, the name of a limited company that is a private company must end with "limited" or "ltd" or, in the case of a Welsh company, its name may instead end with "cyfyngedig" or "cyf.".'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

125

Clause     60,     page     24,     line     1,     leave out from 'companies' to end of line 3.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

58

Clause     62,     page     25,     line     2,     leave out ', or any return of capital,'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

59

Clause     63,     page     25,     line     26,     after first 'its', insert 'profits (if any) or other'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

126

Clause     64,     page     25,     line     36,     leave out 'section 62 or 63' and insert 'section 61(1)(c)'.

   

Margaret Hodge

101

Clause     64,     page     25,     line     40,     leave out 'alter' and insert 'amend'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

127

Clause     65,     page     26,     leave out lines 44 and 45.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

128

Clause     66,     page     27,     line     32,     at end insert—

    '(6)   Nothing contained in this section shall prevent a company continuing to use its name if such name was registered with the registrar of companies prior to the date of any regulations made under this section.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

129

Clause     67,     page     28,     line     16,     at end insert—

    '(6)   Nothing contained in this section shall prohibit or inhibit an objection under section 70.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

130

Clause     68,     page     28,     line     22,     leave out from 'names,' to end of line 23.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

131

Clause     69,     page     28,     line     42,     after 'be', insert 'in writing and'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

132

Clause     70,     page     29,     line     18,     after 'name', insert 'or incorporates a name'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

133

Clause     70,     page     29,     line     19,     after 'goodwill', insert 'in the United Kingdom'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

134

Clause     70,     page     29,     line     22,     after 'applicant', insert 'provided that the applicant was using such name in the United Kingdom at that time.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

135

Clause     70,     page     29,     line     23,     at end insert 'within twelve months of the company's registration with the relevant name'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

136

Clause     70,     page     30,     line     6,     at end insert—

    '(6A)   Without prejudice to the foregoing provisions of this section, in the event that all of the circumstances contemplated in subsection (8) are satisfied, an applicant may apply to a company names adjudicator for an interim order under this subsection.

    (6B)   The circumstances referred to in subsection (7) are that—

      (a) the applicant is a company whose shares are listed on a regulated market;

      (b) the applicant has published a circular to shareholders incorporating a resolution proposing to change its name to a particular name (a "relevant name"); and

      (c) a company (the "respondent") has been incorporated with the relevant name or changed its name to the relevant name in either case on or after the date of publication of the circular referred to in subsection (8)(b).

    (6C)   If an application for an interim order is made and the adjudicator is satisfied that the provisions of subsection (8) are satisfied, the adjudicator shall make an order requiring the respondent to change its name to a name specified by the adjudicator.

    (6D)   The adjudicator must give notice of his interim order—

      (a) to the applicant;

      (b) to the respondent; and

      (c) to the registrar.

    (6E)   Upon the presentation by the applicant to the registrar of an official copy of the interim order together with all other documents contemplated by section 78 (Change of name by special resolution), and the registrar is satisfied that—

      (a) the relevant name complies with the requirements of this Part, and

      (b) the requirements of the Companies Acts and any relevant requirement of the applicant's articles, with respect to a change of name are complied with,

    the registrar must enter the relevant name as the new name of the applicant and enter the name set out in the interim order as the new name of the responent on the register in place of the former names of the applicant and respondent respectively.

    (6F)   On the registration of the new names, the registrar must issue a certificate of incorporation to each of the applicant and the respondent altered to meet the circumstances of the case.

    (6G)   The making of an interim order shall be without prejudice to any other legal rights of the applicant or respondent or any application by the respondent under subsection (1).'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

137

Clause     70,     page     30,     line     7,     after 'section', insert 'and in section 73'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

60

Clause     70,     page     30,     line     7,     at end insert—

    '(8)   In this section "start-up costs" shall be considered "substantial" in relation to the annual revenue and assets of the company.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

61

Clause     72,     page     30,     line     33,     leave out 'may' and insert 'shall'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

62

Clause     72,     page     31,     line     13,     at end insert—

      '(l) requiring the publication of all decisions by the adjudicator within 90 days of the decision being given.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

138

Clause     73,     page     31,     line     20,     after 'application', insert 'other than an application for an interim order'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

139

Clause     74,     page     32,     line     6,     at beginning insert 'Other than in the case of an application for an interim order,'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

63

Clause     74,     page     32,     line     11,     leave out subsection (3).


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

140

Clause     76,     page     33,     line     9,     after 'public', insert 'or a section of the public'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

141

Clause     76,     page     33,     line     10,     at end insert 'A direction under this section must be in writing.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

142

Clause     77,     page     33,     line     35,     leave out from '78)' to end of line 36.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

143

Clause     77,     page     33,     line     41,     at end insert 'or section 74 (Appeal from adjudicator's decision)'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

144

Clause     78,     page     34,     line     4,     leave out from beginning to end of line 5 and insert—

    '(1A)   Where a change of name by special resolution is unconditional, the requirement of subsection (1) shall be satisfied by forwarding a copy of the resolution to the registrar.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

145

Clause     78,     page     34,     line     9,     at end insert 'and the company shall forward a copy of the special resolution to the registrar.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

146

Page     34,     line     17,     leave out Clause 79.



 
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Prepared 15 Jun 2006