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

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Mr Secretary Darling

786

Page 417, line 18 [Clause 891], leave out ‘that fact’ and insert ‘the fact contained in the statement mentioned in subsection (1)’.

Mr Secretary Darling

787

Page 417, line 21 [Clause 891], leave out subsection (4).


Mr Secretary Darling

296

Page 418, line 18 [Clause 894], leave out ‘at the company’s registered office’ and insert ‘available for inspection’.

Mr Secretary Darling

297

Page 418, line 23 [Clause 895], leave out ‘at its registered office’ and insert ‘available for inspection’.

Mr Secretary Darling

298

Page 418, line 36, leave out Clause 896.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

432

Page 420, line 35 [Clause 898], at end insert—

      ‘(3) Regulations proposed to be made under this section must be consulted on over a period of not less than 120 days.’.

Mr Secretary Darling

520

Page 420, line 39, leave out Clause 899.


Mr Secretary Darling

521

Page 421, line 21, leave out Clause 900.

Mr Secretary Darling

522

Page 421, line 30, leave out Clause 901.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

113

Page 421, line 31 [Clause 901], leave out from ‘application’ to ‘the’ in line 32 and insert ‘from the company, a member or a creditor’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

114

Page 421, line 36 [Clause 902], at beginning insert ‘Explanatory’.

Mr Secretary Darling

523

Page 421, line 36, leave out Clause 902.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

115

Page 422, line 27 [Clause 902], leave out ‘this purpose’ and insert ‘the purpose of subsection (5)’.

Mr Secretary Darling

524

Page 422, line 37, leave out Clause 903.


Mr Secretary Darling

525

Page 423, line 3, leave out Clause 904.

Mr Secretary Darling

526

Page 423, line 16, leave out Clause 905.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

116

Page 423, line 19 [Clause 905], after ‘articles’, insert ‘of association’.

Mr Secretary Darling

527

Page 423, line 31, leave out Clause 906.


Mr Secretary Darling

528

Page 424, line 33, leave out Clause 907.


Mr Secretary Darling

529

Page 425, line 2, leave out Clause 908.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

117

Page 425, line 5 [Clause 908], leave out ‘900’ and insert ‘899(1)’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

118

Page 425, line 20 [Clause 908], after ‘undertaking’, insert ‘,’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

679

Page 429, line 14 [Clause 915], leave out paragraph (a).


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

681

Page 432, line 17 [Clause 920], after ‘bid’, insert ‘(but not including any person making the bid as agent)’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

119

Page 432, line 18 [Clause 920], leave out paragraph (b) and insert—

        ‘(b) any director, officer or member of that person who caused the document to be published.

      In the Interpretation Act 1978 “person” includes a body of persons corporate or unincorporate.’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

680

Page 432, line 39 [Clause 920], leave out subsection (6).


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

131

Page 439, line 9 [Clause 934], leave out subsection (6).


Mr Secretary Darling

342

Page 441 [Clause 938], leave out lines 13 to 16.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

132

Page 444, line 2 [Clause 943], leave out subsection (1).

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

133

Page 444, line 5 [Clause 943], leave out ‘This subsection applies where’ and insert ‘The following circumstances shall be disregarded in determining whether the condition in section 941(3) is satisfied’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

134

Page 444, line 13 [Clause 943], leave out ‘This subsection applies where’ and insert ‘The following circumstances shall be disregarded in determining whether the condition in section 941(3) is satisfied’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

135

Page 444, line 34 [Clause 944], at end insert ‘unless subsection (4) applies, in which case the offeror is also treated for the purposes of this section and section 946 as having acquired or contracted to acquire those shares by virtue of acceptances of the offer.’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

136

Page 444, line 35 [Clause 944], at beginning insert ‘Subject to subsection (3)’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

137

Page 444 [Clause 944], leave out line 41 and insert—

      ‘(3) Where a takeover offer is made and, during the period beginning with the date of the offer and ending when the offer can no longer be accepted, an associate of the offeror acquires or unconditionally contracts to acquire any of the shares to which the offer relates, then, if subsection (4) applies, those shares are treated for the purposes of section 946 as shares to which the offer relates.

      (4) This subsection applies if—

        (a) at the time the shares are acquired or contracted to be acquired as mentioned in subsection (1) or (3) (as the case may be), the value of the consideration for which they are acquired or contracted to be acquired (“the acquisition consideration”) does not exceed the value of the consideration specified in the terms of the offer, or

        (b) those terms are subsequently revised so that when the revision is announced the value of the acquisition consideration, at the time mentioned in paragraph (a), no longer exceeds the value of the consideration specified in those terms.’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

138

Page 446, line 9 [Clause 946], at end insert ‘on which the offeror becomes entitled to give such a notice’.

Mr Secretary Darling

343

Page 446, line 22 [Clause 946], leave out subsections (8) and (9) and insert—

      ‘(8) Where—

        (a) a takeover offer is made,

        (b) during the period beginning with the date of the offer and ending when the offer can no longer be accepted, the offeror—

          (i) acquires or unconditionally contracts to acquire any of the shares to which the offer relates, but

          (ii) does not do so by virtue of acceptances of the offer,

        and

        (c) subsection (10) applies,

      then for the purposes of this section those shares are not excluded by section 944(1) from those to which the offer relates, and the offeror is treated as having acquired or contracted to acquire them by virtue of acceptances of the offer.

      (9) Where—

        (a) a takeover offer is made,

        (b) during the period beginning with the date of the offer and ending when the offer can no longer be accepted, an associate of the offeror acquires or unconditionally contracts to acquire any of the shares to which the offer relates, and

        (c) subsection (10) applies,

      then for the purposes of this section those shares are not excluded by section 944(2) from those to which the offer relates.’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

139

Page 446, line 47 [Clause 947], at beginning insert ‘If the time allowed for acceptance of the offer is governed by rules,’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

140

Page 447, line 6 [Clause 947], leave out subsection (3) and insert—

      ‘(3) If the time allowed for acceptance of offer is not governed by the rules made under section 910 no notice may be given under section 946(2) or (4) after the end of the period of three months beginning with the day after the last day on which the offer can be accepted or the period of six months beginning with the date of the offer, where that period ends earlier.’.


Mr Secretary Darling
Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Total signatories: 7

141

Page 448, line 40 [Clause 948], leave out ‘receipt’ and insert ‘respect’.


Mr Secretary Darling

345

Page 455, line 33 [Clause 955], leave out first ‘the’ and insert ‘a’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

142

Page 456, line 28 [Clause 958], after ‘means’, insert ‘(subject to section 941(7))’.

Mr Secretary Darling

346

Page 456, line 32 [Clause 958], at end insert—

      ‘and references to the date of the offer are to be read in accordance with section 941(7) (revision of offer terms) where that applies;’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

143

Page 456, line 42 [Clause 958], at end insert ‘or waived’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

93

Page 461, line 21 [Clause 963], at end insert—

        ‘(f) make provision for entrenchment as referred to under section 22.

      (3) The court’s order must be embodied in or annexed to every copy of the company’s articles issued by the company.’.

Mr Secretary Darling

703

Page 461, line 30 [Clause 965], leave out ‘articles’ and substitute ‘constitution’.

Mr Secretary Darling

704

Page 461, line 32 [Clause 965], leave out ‘in its articles’ and substitute ‘to its constitution’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

94

Page 464, line 19 [Clause 970], after ‘name’, insert ‘(the re-registration of a public company as a private company or vice versa does not amount to a change of name for the purposes of this section)’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

95

Page 466, line 33 [Clause 972], leave out subsections (6) and (7).


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

96

Page 467, line 33 [Clause 973], leave out subsections (6) and (7).


Mr Secretary Darling

667

Page 469, line 26 [Clause 975], leave out subsection (4) and insert—

      ‘( ) The excepted activities referred to in subsection (1)(a)(iv) are—

        (a) any activity necessary or expedient for the purposes of—

          (i) making, or proceeding with, an application under section 969 (application for voluntary striking off),

          (ii) concluding affairs of the company that are outstanding because of what has been necessary or expedient for the purpose of making, or proceeding with, such an application, or

          (iii) complying with any statutory requirement;

        (b) any activity specified by the Secretary of State by order for the purposes of this subsection.

      An order under paragraph (b) is subject to negative resolution procedure.’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

98

Page 469 [Clause 975], leave out lines 27 to 38 and insert—

        ‘(a) any activity necessary or expedient for the purposes of—

          (i) making, or proceeding with, application under section 969 (application for voluntary striking off), or

          (ii) concluding the affairs of the company that are outstanding because of what has been necessary or expedient for that purpose, or

          (iii) complying with any statutory requirement; and

        (b) any activity specified by the Secretary of State by order for the purposes of this subsection.

      An order under paragraph (b) is subject to negative resolution procedure.’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

97

Page 469, line 46 [Clause 975], leave out subsection (7).


Mr Secretary Darling

678

Page 470, line 28 [Clause 979], leave out ‘or other act evincing that intention’.


Mr Secretary Darling
Mr Alan Duncan
Mr Jonathan Djangoly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Total signatories: 7

99

Page 471, line 26 [Clause 981], leave out ‘determine’ and insert ‘terminate’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

100

Page 471, line 36 [Clause 982], leave out ‘below’.

Mr Secretary Darling
Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Total signatories: 7

Justine Greening

101

Page 471, line 42 [Clause 982], leave out ‘984’ and insert ‘983’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

102

Page 473, line 8 [Clause 985], after ‘disclaimer’, insert ‘,’.

Mr Secretary Darling

669

Page 473, line 8 [Clause 985], after ‘land’ insert ‘that is subject to a rentcharge’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

103

Page 473, line 8 [Clause 985], leave out ‘vests in any person’ and insert ‘that is subject to a rentcharge vests’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

104

Page 473, line 26 [Clause 987], leave out ‘fit’ and insert ‘just’.

Mr Secretary Darling

670

Page 473, line 35 [Clause 988], after ‘lease’ insert ‘the court must not make a vesting order’.

Mr Secretary Darling

671

Page 473, line 40 [Clause 988], leave out from beginning to ‘except’.


Mr Secretary Darling
Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Total signatories: 7

105

Page 474, line 3 [Clause 988], after ‘fit,’, insert ‘only’.

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

106

Page 474, line 38 [Clause 990], at end insert ‘or section 969 (striking off on application by the company)’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

107

Page 475, line 26 [Clause 991], leave out subsection (6).


Mr Secretary Darling

673

Page 476, line 12 [Clause 993], after first ‘name’ insert ‘(see section 999)’.


Mr Secretary Darling

674

Page 478, line 31 [Clause 997], after first ‘name’ insert ‘(see section 999)’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

108

Page 479, line 12 [Clause 998], leave out subsection (5).

Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

120

Page 479, line 34 [Clause 999], leave out from ‘registered’ to ‘shall’ in line 35 and insert ‘with a name and to restoration, in the context of that section,’.


Mr Alan Duncan
Mr Jonathan Djanogly
Charles Hendry
Mr Crispin Blunt
James Brokenshire
Justine Greening

121

Page 481, line 7 [Clause 1000], leave out subsection (6).


Mr Secretary Darling

480

Page 486, line 11 [Clause 1006], leave out ‘the Companies Acts’ and insert ‘this Act’.

Mr Secretary Darling

481

Page 486, line 37 [Clause 1007], leave out ‘the Companies Acts’ and insert ‘this Act’.


Mr Secretary Darling

482

Page 487, line 2 [Clause 1008], leave out ‘the Companies Acts’ and insert ‘this Act or any of the former Companies Acts’.

Mr Secretary Darling

483

Page 487, line 9, leave out Clause 1009.

Mr Secretary Darling

514

Page 487, line 40 [Clause 1010], at end insert—

      ‘( ) In this section “specified” means specified in the regulations.’.


 
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Prepared: 17 October 2006