| Company Law Reform Bill [Lords] - continued | House of Commons |
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Mr Secretary Darling 442 Page 68, line 8 [Clause 149], leave out ‘or’ and insert ‘and’. Mr Alan Duncan
17 Page 68, line 22 [Clause 150], at end insert— ‘(2A) The nominated person has no right to enforce the rights conferred by the nomination against the company as they were conferred by the company’s articles.’. Mr Alan Duncan
18 Page 69, line 10 [Clause 151], after ‘rights)’, insert ‘and sections 152 and 153 (exercise of rights where shares held on behalf of others)’. Mr Alan Duncan
353 Page 69, line 22 [Clause 152], after ‘company’, insert ‘whose shares are admitted to trading on a regulated market’. Mr Secretary Darling 805 Page 268, line 36 [Clause 556], at end insert— ‘But see section (Authorised minimum: application of initial requirement) (initial authorised minimum share capital requirement for public company to be met by reference to share capital denominated in sterling or euros).’. Mr Secretary Darling 615 Page 270, line 14 [Clause 562], leave out from second ‘that’ to ‘to’ in line 15 and insert ‘, neither as respects dividends nor as respects capital, carries any right’. Mr Secretary Darling 699 Page 272, line 9 [Clause 565], at end insert— ‘(9) Chapter 3 of Part 3 (resolutions affecting a company’s constitution) applies to a resolution under this section.’. Mr Secretary Darling 616 Page 272, line 32 [Clause 567], at end insert ‘that’. Mr Secretary Darling 617 Page 272, line 33 [Clause 567], at end insert ‘and’. Mr Secretary Darling 214 Page 273, line 13 [Clause 568], leave out ‘2’ and insert ‘3’. Mr Secretary Darling 574 Page 276, line 7 [Clause 576], after first ‘holder’ insert ‘— (a) has no registered address in an EEA State and has not given to the company an address in an EEA State for the service of notices on him, or (b) ’. Mr Alan Duncan
26 Page 276, line 7 [Clause 576], after ‘warrant’, insert ‘or has no registered address in the United Kingdom and has not given to the company an address in the United Kingdom for the service of notices on him’. Mr Secretary Darling 575 Page 276, line 10 [Clause 576], leave out ‘of not less than 21 days’. Mr Secretary Darling 576 Page 276, line 11 [Clause 576], at end insert— ‘(4A) The period must be a period of at least 21 days beginning— (a) in the case of an offer made in hard copy form, with the date on which the offer is sent or supplied; (b) in the case of an offer made in electronic form, with the date on which the offer is sent; (c) in the case of an offer made by publication in the Gazette, with the date of publication.’. Mr Secretary Darling 577 Page 276, line 13 [Clause 576], leave out ‘(4)’ and insert ‘(4A)’. Mr Secretary Darling 618 Page 276, line 37 [Clause 578], leave out from ‘shares’ to end of line 39. Mr Secretary Darling
27 Page 283, line 17 [Clause 595], after ‘pay’, insert ‘a’. Mr Secretary Darling 578 Page 283, line 33 [Clause 597], at end insert ‘a cash consideration. (2A) A “cash consideration” means’. Mr Alan Duncan
28 Page 283, line 38 [Clause 597], at end insert ‘or ‘(e) the creation of an obligation to make a payment to or for the account of the company in accordance with the rules and practices of the operator of a relevant system as defined by regulation 2(1) of the Uncertificated Securities Regulations 2001.’. Mr Secretary Darling 579 Page 283, line 38 [Clause 597], at end insert ‘, or (e) payment by any other means giving rise to a present or future entitlement (of the company or a person acting on the company’s behalf) to a payment, or credit equivalent to payment, in cash.’. Mr Secretary Darling 580 Page 283, line 38 [Clause 597], at end insert— ‘( ) The Secretary of State may by order provide that particular means of payment specified in the order are to be regarded as falling within subsection (2)(e).’. Mr Secretary Darling 581 Page 284, line 7 [Clause 597], at end insert— ‘(5) An order under this section is subject to negative resolution procedure.’. Mr Secretary Darling 620 Page 286, line 35 [Clause 603], after ‘Chapter’ insert ‘or Chapter 6’. Mr Alan Duncan
29 Page 286, line 35 [Clause 603], after ‘Chapter’, insert ‘or Chapter 6 of this Part’. Mr Secretary Darling 621 Page 287, line 6 [Clause 603], after ‘Chapter’ insert ‘or Chapter 6’. Mr Alan Duncan
30 Page 287, line 6 [Clause 603], after ‘Chapter’, insert ‘or Chapter 6 of this Part’. Mr Secretary Darling 622 Page 287, line 23 [Clause 603], after ‘Chapter’ insert ‘or Chapter 6’. Mr Alan Duncan
31 Page 287, line 23 [Clause 603], after ‘Chapter’, insert ‘or Chapter 6 of this Part’. Mr Alan Duncan
32 Page 287, line 44 [Clause 605], after ‘Chapter’, insert ‘or Chapter 6 of this Part’. Mr Secretary Darling 623 Page 287, line 46 [Clause 605], after ‘Chapter’ insert ‘or Chapter 6’. Mr Alan Duncan
33 Page 287, line 46 [Clause 605], after ‘Chapter’, insert ‘or Chapter 6 of this Part’. Mr Secretary Darling 624 Page 288, line 24 [Clause 607], at end insert— ‘Accordingly, subsection (1) does not apply in that case.’. Mr Alan Duncan
34 Page 288, line 24 [Clause 607], at end insert ‘and accordingly subsection (1) does not apply in that case’. Mr Secretary Darling 625 Page 288, line 29 [Clause 607], leave out ‘Chapter’ and insert ‘section or section 610’. Mr Alan Duncan
35 Page 288, line 29 [Clause 607], after ‘Chapter’, insert ‘(excluding sections 611 and 612)’. Mr Alan Duncan
37 Page 288, line 34 [Clause 610], at end insert ‘and accordingly subsection (1) does not apply in that case’. Mr Alan Duncan
36 Page 290, line 20 [Clause 610], after first ‘valuation’, insert ‘,’. Mr Secretary Darling 626 Page 295, line 35 [Clause 620], after ‘Chapter’ insert ‘or Chapter 5’. Mr Alan Duncan
38 Page 295, line 35 [Clause 620], after ‘Chapter’, insert ‘or Chapter 5 of this Part’. Mr Secretary Darling 627 Page 296, line 6 [Clause 620], after ‘Chapter’ insert ‘or Chapter 5’. Mr Alan Duncan
39 Page 296, line 6 [Clause 620], after ‘Chapter’ insert ‘or Chapter 5 of this Part’. Mr Secretary Darling 628 Page 296, line 23 [Clause 620], after ‘Chapter’ insert ‘or Chapter 5’. Mr Alan Duncan
40 Page 296, line 23 [Clause 620], after ‘Chapter’ insert ‘or Chapter 5 of this Part’. Mr Secretary Darling 629 Page 297, line 8 [Clause 622], after ‘Chapter’ insert ‘or Chapter 5’. Mr Alan Duncan
41 Page 297, line 8 [Clause 622], at end insert ‘or Chapter 5 of this Part’. Mr Secretary Darling 630 Page 299, line 14 [Clause 627], after ‘secured’ insert ‘at least’. Mr Secretary Darling 631 Page 299, line 17 [Clause 627], after ‘has’ insert ‘secured at least’. Mr Alan Duncan
42 Page 299, line 19 [Clause 627], after ‘B’ insert ‘(whether all or any of those shares were acquired in pursuance of that arrangement or not)’. Mr Secretary Darling 632 Page 299, line 29 [Clause 627], after ‘having’ insert ‘secured at least’. Mr Secretary Darling 649 Page 301, line 45 [Clause 632], leave out ‘an ordinary’ and insert ‘a’. Mr Secretary Darling 650 Page 303, line 26 [Clause 636], leave out ‘ordinary’. Mr Secretary Darling 700 Page 304, line 7 [Clause 636], at end insert— ‘(8) Chapter 3 of Part 3 (resolutions affecting a company’s constitution) applies to a resolution under this section.’. Mr Alan Duncan
43 Page 306, line 32, leave out Clause 643. Mr Secretary Darling 817 Page 306, line 33 [Clause 643], leave out ‘purpose of this Chapter’ and insert ‘purposes of the Companies Acts’. Mr Secretary Darling 582 Page 307, line 5 [Clause 644], leave out ‘be varied if, and only if,’ and insert ‘only be varied— (a) in accordance with provision in the company’s articles for the variation of those rights, or (b) where the company’s articles contain no such provision, if’. Mr Secretary Darling 583 Page 307, line 26 [Clause 645], leave out ‘be varied if, and only if,’ and insert ‘only be varied— (a) in accordance with provision in the company’s articles for the variation of those rights, or (b) where the company’s articles contain no such provision, if’. Mr Alan Duncan
44 Page 308, line 30 [Clause 647], after ‘shall’, insert ‘,’. Mr Alan Duncan
45 Page 308, line 30 [Clause 647], after ‘satisfied’, insert ‘,’. Mr Alan Duncan
46 Page 309, line 28 [Clause 650], leave out ‘class of its shares’ and insert ‘of the shares of a particular class’. Mr Secretary Darling 819 Page 309, line 28 [Clause 650], after ‘class’, insert ‘or description’. Mr Secretary Darling
47 Page 311, line 22 [Clause 655], leave out ‘pay off’ and insert ‘repay’. Mr Alan Duncan
48 Page 311, line 29 [Clause 655], at end insert— ‘(7) Where the company has reduced its share capital, any reserve arising from the reduction shall be treated for the purposes of Part 24 as a realised profit of the company, except to the extent that the terms of the special resolution under this section, or of the court order confirming the reduction under sections 659 to 665, provide otherwise.’. Mr Alan Duncan
794 Page 312, line 24 [Clause 657], leave out ‘(including any contingent or prospective liabilities)’. Mr Alan Duncan
793 Page 312, line 24 [Clause 657], leave out ‘or prospective’. Mr Secretary Darling 806 Page 316, line 25 [Clause 664], leave out ‘(see section 776)’. Mr Secretary Darling
49 Page 320, line 24 [Clause 673], leave out ‘the’ and insert ‘a’. Mr Secretary Darling 635 Page 321, line 29 [Clause 675], after ‘Part’ insert ‘or Part 30 (protection of members against unfair prejudice)’. Mr Alan Duncan
50 Page 321, line 29 [Clause 675], after ‘Part’ insert ‘or Part 30’. Mr Secretary Darling 807 Page 321, line 44 [Clause 675], leave out ‘(see section 776)’. Mr Alan Duncan
51 Page 322, line 42 [Clause 677], at end insert ‘and it shall not be necessary for the company to comply with sections 655 and 659 (resolution to reduce share capital and application to court for approval)’. Mr Secretary Darling 701 Page 322 [Clause 677], leave out lines 43 and 44 and insert— ‘Chapter 3 of Part 3 (resolutions affecting a company’s constitution) applies to any such resolution.’. Mr Secretary Darling
52 Page 323, line 37 [Clause 679], leave out ‘registered’ and insert ‘re-registered’. Mr Secretary Darling 637 Page 324, line 14 [Clause 681], after ‘Part’ insert ‘or Part 30 (protection of members against unfair prejudice)’. Mr Alan Duncan
53 Page 324, line 14 [Clause 681], after ‘Part’ insert or ‘or Part 30’. Mr Secretary Darling 638 Page 326, line 30 [Clause 686], leave out from ‘retained’ to end of line 36 and insert ‘— (i) under section 61 of the Pension Schemes Act 1993, or otherwise, as reimbursement or partial reimbursement for any contributions equivalent premium paid in connection with the scheme under Part 3 of that Act, or (ii) under section 57 of the Pension Schemes (Northern Ireland) Act 1993, or otherwise, as reimbursement or partial reimbursement for any contributions equivalent premium paid in connection with the scheme under Part 3 of that Act.’. Mr Alan Duncan
54 Page 326, line 36 [Clause 686], leave out ‘that’ and insert ‘the relevant’. Mr Secretary Darling 459 Page 328, line 9 [Clause 691], leave out from ‘for’ to ‘to’ and insert ‘that company, or a company that is a subsidiary of that company,’. Mr Alan Duncan
422 Page 328, line 23 [Clause 691], after ‘subsidiaries’, insert, ‘incorporated in the United Kingdom’. Mr Secretary Darling 460 Page 328, line 23 [Clause 691], leave out from ‘for’ to ‘to’ and insert ‘that company, or a company that is a subsidiary of that company,’. Mr Secretary Darling 461 Page 328, line 25 [Clause 691], after first ‘company’ insert ‘in which the shares were acquired’. Mr Alan Duncan
795 Page 330, line 1 [Clause 694], leave out paragraphs (i) and (ii) and insert ‘a dividend or other distribution lawfully made, including a distribution made in the course of the company’s winding-up,’. Mr Alan Duncan
55 Page 330, line 10 [Clause 694], leave out ‘any thing’ and insert ‘anything’. |
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| © Parliamentary copyright 2006 | Prepared: 17 October 2006 |