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

back to previous text
   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

208

Clause     899,     page     447,     line     8,     at end add—

    '(9)   The provisions of this section shall also extend to—

      (a) preliminary statements of results and other announcements to the market by listed companies permitted or required by the Disclosure Rules and the Transparency Rules,

      (b) companies with securities quoted on the Alternative Investment Market (AIM), and

      (c) companies admitted to trading on an EEA regulated market in situations when UK law is the applicable law.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

44

Clause     923,     page     457,     line     33,     leave out 'Company Law Reform' and insert 'Companies'.


   

Jim Cousins

298

Clause     140,     page     62,     line     29,     at end insert 'and domiciled in the United Kingdom'.

   

Jim Cousins

299

Clause     140,     page     62,     line     30,     leave out subsection (2) and insert—

    '(2)   A body corporate cannot hold the office of director.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

265

Clause     141,     page     63,     line     6,     at end insert 'save where the Secretary of State has reasonable grounds for suspecting that the company is carrying on criminal activity in which event the period may be less than one month, as circumstances require.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

148

Clause     142,     page     63,     line     38,     leave out subsection (5).


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

149

Clause     143,     page     64,     leave out lines 12 and 13.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

150

Clause     144,     page     64,     line     28,     at end insert 'unless, before section 142 comes into force, the company has appointed a natural person over the age of 16 to be a further director.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

151

Clause     145,     page     64,     line     37,     leave out from first 'made' to end of line 38.

   

Margaret Hodge

104

Clause     145,     page     65,     line     4,     leave out 'altering' and insert 'amending'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

270

Clause     147,     page     65,     line     18,     leave out 'to' and insert ', 149 and'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

152

Clause     147,     page     65,     line     33,     at end add—

    '(7)   An alternate director is not to be treated as a director for the purposes of—

      (a) sections 147 to 149 (register of directors),

      (b) section 150 (register of directors' residential addresses), and

      (c) section 152 (duty to notify registrar of changes),

    if he is so appointed for less than 1 month.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

367

*Clause     147,     page     65,     line     33,     at end add—

    '(7)   An alternate director is to be treated as a director for the purposes of—

      (a) sections 147 to 149 (register of directors),

      (b) section 150 (register of directors' residential addresses), and

      (c) section 152 (duty to notify registrar of changes),

        if he is so appointed for more than 1 month.'.


   

Margaret Hodge

365

Clause     150,     page     67,     line     3,     leave out subsection (3) and insert—

    '(3)   If a director's usual residential address is the same as his service address (as stated in the company's register of directors), the register of directors' residential addresses need only contain an entry to that effect.

    This does not apply if his service address is stated to be "The company's registered office".'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

153

Clause     152,     page     67,     line     32,     leave out 'Notice' and insert 'Notices'.

   

Margaret Hodge

366

Clause     152,     page     67,     line     37,     leave out subsection (3) and insert—

    '(3)   Where—

      (a) a company gives notice of a change of a director's service address as stated in the company's register of directors, and

      (b) the notice is not accompanied by notice of any resulting change in the particulars contained in the company's register of directors' residential addresses,

    the notice must be accompanied by a statement that no such change is required.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

157

Clause     153,     page     68,     leave out line 7.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

158

Clause     155,     page     69,     line     7,     at end insert 'or require that the meeting be adjourned to a date not earlier than 14 days after his representations have been circulated.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

160

Clause     156,     page     69,     leave out lines 28 and 29.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

161

Clause     156,     page     69,     line     30,     leave out subsection (3).

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

162

Clause     156,     page     69,     line     31,     leave out 'apply' and insert 'applied prior to the entry into force of this Act'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

159

Clause     156,     page     69,     line     31,     leave out from 'directors' to end of line 32.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

163

Clause     156,     page     69,     line     33,     leave out subsection (4).

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

164

Clause     156,     page     69,     line     37,     leave out subsection (5).


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

40

Clause     158,     page     70,     line     7,     after 'faith', insert 'and as appropriate for the size of the company'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

39

Clause     158,     page     70,     line     9,     leave out from 'whole,' to end of line and insert 'having regard, insofar as he considers it relevant, to the following factors (amongst others)—'.

   

Jim Cousins

300

Clause     158,     page     70,     line     9,     leave out from 'so' to end of line 18 and insert 'must endeavour to—

      (a) have regard to the likely consequences of any decision in the long term,

      (b) promote the interests of the company's employees,

      (c) foster the company's business relationships with suppliers, customers and others,

      (d) minimise any adverse impact of the company's operations on the community and the environment,

      (e) maintain a reputation for high standards of business conduct, and

      (f) act fairly as between members of the company.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

166

Clause     158,     page     70,     line     9,     after 'to', insert 'what he considers, in good faith, to be'.

   

Mr Quentin Davis

297

Clause     158,     page     70,     line     14,     leave out 'and the environment'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

41

Clause     158,     page     70,     line     18,     at end insert ', and

      (g) all other common law duties of directors.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

42

Clause     158,     page     70,     line     25,     at end insert—

    '(4)   The duties implied by this section shall not apply to small and medium sized companies.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

43

Clause     158,     page     70,     line     25,     at end insert—

    '(4)   None of the duties set out in or implied by this section shall take priority over any of the other duties.'.

   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

165

Clause     158,     page     70,     line     25,     at end insert—

    '(4)   The duty to promote the success of the company shall be paramount.'.


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

271

Clause     159,     page     70,     line     27,     leave out subsection (1).


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

272

Clause     160,     page     70,     line     34,     leave out subsection (2).


   

Mr Jonathan Djanogly
Mr Crispin Blunt
James Brokenshire

256

Clause     161,     page     71,     line     2,     after 'must', insert 'take all reasonable steps to'.



 
previous section contents continue
 
House of Commons home page Houses of Parliament home page House of Lords home page search page enquiries index

©Parliamentary copyright 2006
Prepared 27 Jun 2006