Company Law Reform Bill [Lords] - continued | House of Commons |
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Mr Secretary Darling 695 Page 14, line 11 [Clause 33], after ‘guarantee,’ insert ‘a copy of’. Mr Secretary Darling 696 Page 14, line 28 [Clause 34], leave out ‘, when registered,’. Mr Secretary Darling 697 Page 14, line 29 [Clause 34], leave out ‘, signed and sealed’. Mr Alan Duncan
4 Page 15, line 23 [Clause 36], at end insert ‘or such longer time as the court allows’. Mr Alan Duncan
3 Page 15 [Clause 36], leave out lines 26 to 30 and insert— ‘(b) if the order— (i) amends the company’s articles, or (ii) amends a resolution or agreement to which Chapter 3 applies (resolutions and agreements affecting the company’s constitution), or (iii) gives leave for the company to make any, or any specified, alteration in its articles,’. Mr Secretary Darling 698 Page 15, line 39 [Clause 36], at end insert— ‘( ) This section does not apply where provision is made by another enactment for the delivery to the registrar of a copy of the order in question.’. Mr Secretary Darling 158 Page 40, line 7 [Clause 91], leave out sub-paragraphs (i) to (iii) and insert— ‘(i) is made under section 640 (reduction in connection with redenomination of share capital), (ii) is supported by a solvency statement in accordance with section 657, or (iii) has been confirmed by an order of the court under section 662, and’. Mr Secretary Darling 804 Page 40, line 15 [Clause 91], leave out subsection (6). Mr Secretary Darling 784 Page 41, line 4 [Clause 92], leave out from ‘the’ to end of line 5 and insert ‘same meaning as in section 834 (net asset restriction on distributions by public companies).’. Mr Secretary Darling 159 Page 41, line 16 [Clause 93], leave out paragraph (a) and insert— ‘(a) the requirements of section 607(1)(a) and (b) have been complied with (independent valuation of non-cash consideration; valuer’s report to company not more than six months before allotment), or’. Mr Alan Duncan
5 Page 41, line 17 [Clause 93], leave out ‘108 of the Companies Act 1985’ and insert ‘610’. Mr Secretary Darling 160 Page 42, line 16 [Clause 93], leave out sub-paragraph (i) and insert— ‘(i) Part 27 of this Act (arrangements and reconstructions), or’. Mr Secretary Darling 767 Page 42, line 25 [Clause 94], at beginning insert ‘in the case of a company without a secretary,’. Mr Secretary Darling 768 Page 42, line 43 [Clause 95], leave out ‘(or continue to be)’. Mr Secretary Darling 769 Page 43, line 19 [Clause 96], leave out from beginning to ‘as’ in line 20 and insert— ‘(c) where the application contained a statement under section 95 (statement of proposed secretary), the person or persons named in the statement’. Mr Alan Duncan
6 Page 66, line 5 [Clause 146], after ‘A’, insert ‘first named’. Mr Alan Duncan
7 Page 66, line 5 [Clause 146], at end insert ‘or persons’. Mr Alan Duncan
8 Page 66, line 6 [Clause 146], after ‘nominate’, insert ‘in accordance with section 1109’. Mr Alan Duncan
9 Page 66, line 6 [Clause 146], after ‘person’, insert ‘or those persons’. Mr Alan Duncan
351 Page 66, line 9 [Clause 146], leave out ‘class’ and insert ‘category’. Mr Secretary Darling 339 Page 66, line 15 [Clause 146], at end insert— ‘( ) The reference in subsection (3)(a) to communications that a company sends to its members generally includes the company’s annual accounts and reports. For the application of section 432 (option to provide summary financial statement) in relation to a person nominated to enjoy information rights, see subsection (4A) of that section.’. Mr Alan Duncan
10 Page 66, line 26 [Clause 147], after ‘address’, insert ‘within the United Kingdom’. Mr Secretary Darling 553 Page 66, line 34 [Clause 147], leave out from ‘Schedule’ to first ‘company’ in line 35 and insert ‘5 (communications by’.’. Mr Alan Duncan
11 Page 66 [Clause 147], leave out line 40 and insert— ‘(6) The agreement referred to in subsection (5)—’. Mr Alan Duncan
12 Page 67, line 4 [Clause 148], after third ‘the’, insert ‘first named’. Mr Alan Duncan
13 Page 67, line 5 [Clause 148], at end insert ‘in accordance with section 1109’. Mr Secretary Darling
15 Page 67, line 6 [Clause 148], leave out ‘of’ and insert ‘to’. Mr Alan Duncan
352 Page 67, line 11 [Clause 148], at end insert ‘; or (c) upon the nominated person
ceasing to have a beneficial interest in the shares in question.’. Mr Alan Duncan
14 Page 67, line 11 [Clause 148], at end insert— ‘(3A) The nomination terminates when the nominated person ceases to be the beneficial owner of the shares in respect of which the nomination is made. The nominated person or the member is required to notify the company when the nominated person ceases to own the shares in question beneficially.’. Mr Alan Duncan
16 Page 68, line 5 [Clause 149], leave out ‘be accompanied by’ and insert ‘include’. 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.’. |
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© Parliamentary copyright 2006 | Prepared: 19 October 2006 |