sc1901307.343-345

House of Commons

Session 2005 - 06
Internet Publications
Other Bills before Parliament

S.C.D.  Standing Committee Proceedings: 13th July 2006
343

Company Law Reform Bill–[ [], continued

Mr Jonathan Djanogly

Mr Crispin Blunt

James Brokenshire

Justine Greening

Withdrawn  368

Clause  493,  page  237,  line  26,  after ‘name,’, insert ‘or in the name by which he

practises,’.

Clause Agreed to.

Clause 494 Agreed to.

Mr Jonathan Djanogly

Mr Crispin Blunt

James Brokenshire

Justine Greening

Not called  369

Clause  495,  page  238,  line  7,  after ‘auditor’, insert ‘or (when the auditor is a sole

practitioner) the name by which he practises,’.

Clause Agreed to.

Clause 496 Agreed to.

Mr Jonathan Djanogly

Mr Crispin Blunt

Justine Greening

Withdrawn  362

Clause  497,  page  239,  line  3,  leave out ‘knowingly or recklessly’ and insert

‘dishonestly or fraudulently’.

Mr Jonathan Djanogly

Mr Crispin Blunt

Justine Greening

Not called  363

Clause  497,  page  239,  line  5,  leave out ‘misleading,’.

Mr Jonathan Djanogly

Mr Crispin Blunt

Justine Greening

Not called  364

Clause  497,  page  239,  line  7,  leave out ‘knowingly or recklessly’ and insert

‘dishonestly or fraudulently’.

Clause Agreed to.

S.C.D.  Standing Committee Proceedings: 13th July 2006
344

Company Law Reform Bill–[ [], continued

Clauses 498 and 499 Agreed to.

Margaret Hodge

Agreed to  480

Clause  500,  page  240,  line  32,  leave out subsections (1) and (2) and insert—

‘(1)
The members of a company may remove an auditor from office at any time.

(2)
This power is exercisable only—

(a)
by ordinary resolution at a meeting, and

(b)
in accordance with section 501 (special notice of resolution to remove

auditor).’.

Clause, as amended, Agreed to.

Clauses 501 to 514 Agreed to.

Margaret Hodge

Agreed to  481

Clause  515,  page  249,  line  14,  leave out from ‘audit’ to end of line 16 and insert ‘—

(i)
the Secretary of State, or

(ii)
if the Secretary of State has delegated functions under section

881 to a body whose functions include receiving the notice in

question, that body;’.

Clause, as amended, Agreed to.

Clauses 516 to 521 Agreed to.

Mr Jonathan Djanogly

Mr Crispin Blunt

James Brokenshire

Justine Greening

Not moved  370

Clause  522,  page  252,  line  10,  leave out ‘directly or indirectly’ and insert ‘in any

way whatsoever’.

Clause Agreed to.

Clauses 523 and 524 Agreed to.

S.C.D.  Standing Committee Proceedings: 13th July 2006
345

Company Law Reform Bill–[ [], continued

Jim Cousins

Not selected  269

Clause  525,  page  253,  line  16,  at end insert ‘, and

‘(c)
must not specify a sum of money as a cap or absolute upper limit on the

total liability’.

Mr Jonathan Djanogly

Mr Crispin Blunt

James Brokenshire

Justine Greening

Withdrawn  371

Clause  525,  page  253,  line  30,  leave out ‘negative’ and insert ‘affirmative’.

Clause Agreed to.

Clauses 526 and 527 Agreed to.

Mr Jonathan Djanogly

Mr Crispin Blunt

James Brokenshire

Justine Greening

Not called  372

Clause  528,  page  255,  line  2,  leave out ‘negative’ and insert ‘affirmative’.

Clause Agreed to.

Clause 529 Agreed to.

Clause 642

Question proposed, That the Clause stand part of the Bill.

[Adjourned till Tuesday next at 10.30 a.m.