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| | Page 367 [Clause 781], leave out line 43. |
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| | Page 368, line 30 [Clause 784], leave out subsection (2). |
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| | Page 368, line 37 [Clause 785], at beginning insert ‘However’. |
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| | Page 373, line 37 [Clause 796], leave out subsection (a) and insert— |
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| | | ‘(a) | enabling a company or any designated class of companies to adopt |
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| | | arrangements under which title to securities is permitted or required to be |
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| | | evidenced or transferred, or both, without a written instrument; or’. |
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| | Page 373, line 38 [Clause 796], leave out ‘, by ordinary resolution,’. |
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| | Page 373, line 39 [Clause 796], leave out ‘and transferred’ and insert ‘or |
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| | Page 373, line 39 [Clause 796], leave out ‘required to be evidenced and |
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| | transferred’ and insert ‘permitted or required to be evidenced or transferred or both’. |
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| | Page 373, line 41 [Clause 796], at beginning insert ‘permitting or’. |
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| | Page 374, line 5 [Clause 796], leave out from ‘(1)’ to end of line 9 and insert ‘— |
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| | | (a) | must not be such that a person who but for the arrangements would be |
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| | | entitled to have his name entered in the company’s register of members |
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| | | ceases to be so entitled, and |
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| | | (b) | must be such that a person who but for the arrangements would be |
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| | | entitled to exercise any rights in respect of the securities continues to be |
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| | | able effectively to control the exercise of those rights.’. |
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| | Page 374, line 8 [Clause 796], leave out ‘give instructions’ and insert ‘exercise his |
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| | Page 376, line 32 [Clause 803], leave out from ‘to’ to end of line 33 and insert |
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| | | | For the effect of such an order see section (Consequences of order imposing |
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| | Page 376, line 41 [Clause 803], at end insert— |
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| | | ‘( ) | Sections (Penalty for attempted evasion of restrictions) to (Further provisions on |
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| | | sale by court order of restricted shares) make further provision about orders |
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| | Page 378, line 20 [Clause 808], leave out ‘at the company’s registered office’ and |
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| | Page 378, line 32 [Clause 808], leave out ‘at the company’s registered office’ and |
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| | Page 378, line 34 [Clause 808], at end insert— |
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| | | ‘(3A) | The reports must be retained by the company for at least six years from the date |
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| | | on which they are first made available for inspection and must be kept available |
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| | | for inspection during that time— |
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| | | (a) | at the company’s registered office; or |
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| | | (b) | at a place specified in regulations under section (Regulations about |
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| | | where certain company records to be kept available for inspection).’. |
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| | Page 378, line 34 [Clause 808], at end insert— |
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| | | ‘(3B) | The company must give notice to the registrar— |
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| | | (a) | of the place at which the reports are kept available for inspection, and |
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| | | (b) | of any change in that place, |
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| | | | unless they have at all times been kept at the company’s registered office.’. |
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| | Page 378, line 36 [Clause 808], leave out ‘at its registered office’ and insert ‘for |
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| | Page 378, line 37 [Clause 808], leave out ‘that’ and insert ‘where’. |
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| | Page 379, line 1 [Clause 808], leave out subsection (6). |
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| | Page 379, line 4 [Clause 809], at beginning insert— |
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| | | ‘(A1) | If default is made for 14 days in complying with section 808(3B) (notice to |
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| | | registrar of place at which reports made available for inspection) an offence is |
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| | | (b) | every officer of the company who is in default. |
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| | | (B1) | A person guilty of an offence under subsection (A1) is liable on summary |
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| | | conviction to a fine not exceeding level 3 on the standard scale and, for continued |
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| | | contravention, a daily default fine not exceeding one-tenth of level 3 on the |
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| | Page 379, line 4 [Clause 809], after ‘with’ insert ‘any other provision of’. |
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| | Page 379, line 7 [Clause 809], leave out ‘this section’ and insert ‘subsection (1)’. |
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| | Page 380, line 15 [Clause 812], leave out from ‘office’ to end of line 16 and insert |
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| | | ‘(b) | at a place specified in regulations under section (Regulations about |
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| | | where certain company records to be kept available for inspection).’. |
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| | Page 380, line 27 [Clause 812], leave out ‘in the case of continued contravention |
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| | to’ and insert ‘, for continued contravention,’. |
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| | Page 381, line 2 [Clause 813], leave out ‘in the case of continued contravention to’ |
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| | and insert ‘, for continued contravention,’. |
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| | Page 384, line 15 [Clause 822], leave out ‘in the case of continued contravention |
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| | to’ and insert ‘, for continued contravention,’. |
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| | Page 388, line 22 [Clause 832], leave out ‘paying off’ and insert ‘repaying’. |
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| | Page 388, line 25 [Clause 832], leave ‘or 4’ and insert ‘, 4 or 5’. |
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| | Page 389, line 41 [Clause 835], after ‘liabilities’ insert ‘to creditors’. |
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| | Page 390, line 1 [Clause 835], after ‘liabilities’ insert ‘to creditors’. |
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| | Page 390, line 4 [Clause 835], leave out ‘of any kind’ and insert ‘for liabilities to |
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| | Page 391, line 2 [Clause 836], leave out ‘of association’. |
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| | Page 391, line 35 [Clause 837], after ‘15%’ insert ‘by value’. |
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| | Page 392, line 28 [Clause 839], leave out from ‘Part’ to ‘is’. |
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| | Page 393, line 26 [Clause 840], leave out ‘their’ and insert ‘his’. |
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| | Page 395, line 24 [Clause 843], at end insert— |
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| | | ‘(e) | financial assistance given by a private company which is not out of its |
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| | Page 396, line 14 [Clause 844], at end insert— |
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| | | ‘( ) | For the purpose of subsections (2) and (3) any consideration by the directors of |
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| | | the value at a particular time of a fixed asset is treated as a revaluation provided— |
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| | | (a) | the directors are satisfied that the aggregate value at that time of the fixed |
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| | | assets of the company that have not actually been revalued is not less than |
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| | | the aggregate amount at which they are then stated in the company’s |
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| | | (b) | it is stated in a note to the accounts— |
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| | | (i) | that the directors have considered the value of some or all of the |
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| | | fixed assets of the company without actually revaluing them, |
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| | | (ii) | that they are satisfied that the aggregate value of those assets at |
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| | | the time of their consideration was not less than the aggregate |
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| | | amount at which they were then stated in the company’s |
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| | | (iii) | that accordingly, by virtue of this subsection, amounts are stated |
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| | | in the accounts on the basis that a revaluation of fixed assets of |
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| | | the company is treated as having taken place at that time.’. |
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| | Page 396, line 24 [Clause 844], leave out subsections (5) and (6). |
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| | Page 398, line 2 [Clause 847], after ‘shown’ insert ‘or included’. |
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| | Page 398, line 3 [Clause 847], after ‘shown’ insert ‘or included’. |
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| | Page 398, line 35 [Clause 848], leave out ‘disposal’ and insert ‘disposition’. |
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| | Page 398, line 37 [Clause 848], leave out ‘disposal’ and insert ‘disposition’. |
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| | Page 398, line 38 [Clause 848], at beginning insert ‘For the purposes of subsection |
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