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S.C.D.  Standing Committee Proceedings: 20th June 2006            

254

 

Company Law Reform Bill[ [], continued

 
 

Clause Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Withdrawn  16

 

Clause  32,  page  12,  line  40,  leave out subsection (1) and insert—

 

‘(1)    

The objects of every company shall be unrestricted’.

 

Margaret Hodge

 

Agreed to  87

 

Clause  32,  page  13,  line  1,  leave out ‘alters’ and insert ‘amends’.

 

Margaret Hodge

 

Agreed to  88

 

Clause  32,  page  13,  line  5,  leave out ‘alteration’ and insert ‘amendment’.

 

Margaret Hodge

 

Agreed to  89

 

Clause  32,  page  13,  line  6,  leave out ‘alteration’ and insert ‘amendment’.

 

Clause, as amended, Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Withdrawn  18

 

Clause  33,  page  13,  line  18,  after ‘company’, insert ‘with a share capital’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  20

 

Clause  33,  page  13,  line  18,  after ‘member,’, insert ‘within 7 days,’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  17

 

Clause  33,  page  13,  line  18,  leave out from second ‘a’ to ‘current’ in line 32.

 

Margaret Hodge

 

Agreed to  90

 

Clause  33,  page  13,  line  20,  leave out ‘incorporating any alterations made to

 

them”.


 
 

S.C.D.  Standing Committee Proceedings: 20th June 2006            

255

 

Company Law Reform Bill[ [], continued

 
 

Margaret Hodge

 

Agreed to  91

 

Clause  33,  page  13,  line  22,  leave out ‘copies’ and insert ‘a copy’.

 

Margaret Hodge

 

Agreed to  92

 

Clause  33,  page  13,  line  29,  at end insert—

 

‘( )    

a copy of any document required to be sent to the registrar under—

 

(i)    

section 35(2) (notice where company’s constitution altered by

 

enactment), or

 

(ii)    

section 36(2)(a) (notice where order of court or other authority

 

alters company’s constitution);’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  19

 

Clause  33,  page  13,  line  33,  leave out from ‘capital;’ to end of line 35.

 

Clause, as amended, Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  21

 

Clause  34,  page  14,  line  8,  after ‘part’, insert ‘of the company and’.

 

Clause, as amended, Agreed to.

 

Clauses 35 to 39 Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not selected  184

 

Clause  40,  page  16,  line  9,  after ‘enquire’, insert ‘ as to whether it is permitted by

 

the company’s memorandum or’.

 

Clause Agreed to.

 

Clauses 41 to 43 Agreed to.

 



 
 

S.C.D.  Standing Committee Proceedings: 20th June 2006            

256

 

Company Law Reform Bill[ [], continued

 
 

Margaret Hodge

 

Agreed to  93

 

Clause  44,  page  18,  line  28,  leave out subsections (2) and (3) and insert—

 

‘(2)    

A document is validly executed by a company if it is signed on behalf of the

 

company—

 

(a)    

by two authorised signatories, or

 

(b)    

by one authorised signatory in the presence of a witness who attests the

 

signature.

 

    

For the meaning of “authorised signatory”, see section (Authorised signatories).

 

(3)    

A document signed in accordance with subsection (2) and expressed, in whatever

 

words, to be executed by the company has the same effect as if executed under

 

the common seal of the company.’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  51

 

Clause  44,  page  18,  line  34,  leave out ‘In the case of a public company’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  52

 

Clause  44,  page  18,  line  34,  after ‘executed’, insert ‘by a company’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  53

 

Clause  44,  page  18,  line  36,  at end insert ‘who shall not be the same person’.

 

Margaret Hodge

 

Agreed to  94

 

Clause  44,  page  18,  line  41,  leave out ‘or (3)’.

 

Margaret Hodge

 

Agreed to  95

 

Clause  44,  page  19,  line  4,  leave out ‘a director or the secretary’ and insert ‘an

 

authorised signatory’.

 

Margaret Hodge

 

Agreed to  96

 

Clause  44,  page  19,  line  8,  leave out from beginning to ‘is’ in line 9 and insert ‘an

 

authorised signatory are to be read, in a case where the signature is that of a director or

 

secretary and that office’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not selected  54

 

Clause  44,  page  19,  line  13,  after ‘company’, insert ‘, and a document executed in

 

accordance with this section by a company properly acting on behalf of another person

 

has the same effect as if duly executed by that other person in its own name or on its own

 

behalf.’.


 
 

S.C.D.  Standing Committee Proceedings: 20th June 2006            

257

 

Company Law Reform Bill[ [], continued

 
 

Clause, as amended, Agreed to.

 


 

Margaret Hodge

 

Agreed to  97

 

Clause  45,  page  19,  line  25,  at end insert—

 

‘(6)    

This section does not form part of the law of Scotland.’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not selected  55

 

Page  19,  line  14,  leave out Clause 45.

 

Clause, as amended, Agreed to.

 


 

Margaret Hodge

 

Agreed to  98

 

Clause  46,  page  19,  line  29,  before first ‘if’ insert ‘and for the purposes of the law

 

of Northern Ireland’.

 

Clause, as amended, Agreed to.

 


 

Margaret Hodge

 

Agreed to  99

 

Clause  47,  page  19,  line  36,  leave out ‘writing under its common seal’ and insert

 

‘instrument in writing’.

 

Clause, as amended, Agreed to.

 


 

Margaret Hodge

 

Agreed to  100

 

Clause  48,  page  20,  line  5,  leave out paragraph (a).

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  56

 

Clause  48,  page  20,  line  5,  after ‘director’, insert ‘or secretary’.

 

Clause, as amended, Agreed to.


 
 

S.C.D.  Standing Committee Proceedings: 20th June 2006            

258

 

Company Law Reform Bill[ [], continued

 
 

Clauses 49 to 51 Agreed to.

 


 

David Howarth

 

Lorely Burt

 

Mark Hunter

 

Withdrawn  183

 

Clause  52,  page  21,  line  17,  at end insert ‘but he may not enforce the contract

 

against any person who did not know, and who had reasonable grounds for not knowing,

 

that the company had not yet been formed and for whom the identity or characteristics of

 

the other party to the contract would have been a relevant consideration in entering into

 

the contract’.

 

Clause Agreed to.

 

Clauses 53 to 55 Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Withdrawn  116

 

Clause  56,  page  22,  line  24,  leave out ‘registered’ and insert ‘incorporated’.

 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Not called  117

 

Clause  56,  page  22,  line  24,  after ‘includes’, insert ‘, or change its name to a name

 

that includes,’.

 

Clause Agreed to.

 


 

Mr Jonathan Djanogly

 

Mr Crispin Blunt

 

James Brokenshire

 

Question proposed  118

 

Clause  57,  page  22,  line  38,  after ‘name’, insert ‘and in the absence of the applicant

 

receiving any response by the specified department or other body within 30 days of its

 

receipt of such a request, the specified department or other body shall be deemed to have

 

confirmed that it has no objection to the proposed name’.—(James Brokenshire)

 

[Adjourned till Thursday 22nd June at 9.00 a.m.


 
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