House of Commons portcullis
House of Commons
Session 2005 - 06
Internet Publications
Other Bills before Parliament


 
 

Report Stage Proceedings: 19th October 2006              

978

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  16

 

Page  68,  line  5  [Clause  149],  leave out ‘be accompanied by’ and insert ‘include’.

 

Mr Secretary Darling

 

Agreed to  442

 

Page  68,  line  8  [Clause  149],  leave out ‘or’ and insert ‘and’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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)’.


 
 

Report Stage Proceedings: 19th October 2006              

979

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  353

 

Page  69,  line  22  [Clause  152],  after ‘company’, insert ‘whose shares are admitted

 

to trading on a regulated market’.

 


 

Mr Secretary Darling

 

Agreed to  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

 

Agreed to  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

 

Agreed to  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

 

Agreed to  616

 

Page  272,  line  32  [Clause  567],  at end insert ‘that’.

 

Mr Secretary Darling

 

Agreed to  617

 

Page  272,  line  33  [Clause  567],  at end insert ‘and’.

 



 
 

Report Stage Proceedings: 19th October 2006              

980

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Agreed to  214

 

Page  273,  line  13  [Clause  568],  leave out ‘2’ and insert ‘3’.

 


 

Mr Secretary Darling

 

Agreed to  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Agreed to  575

 

Page  276,  line  10  [Clause  576],  leave out ‘of not less than 21 days’.

 

Mr Secretary Darling

 

Agreed to  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

 

Agreed to  577

 

Page  276,  line  13  [Clause  576],  leave out ‘(4)’ and insert ‘(4A)’.

 

Mr Secretary Darling

 

Agreed to  618

 

Page  276,  line  37  [Clause  578],  leave out from ‘shares’ to end of line 39.

 



 
 

Report Stage Proceedings: 19th October 2006              

981

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  27

 

Page  283,  line  17  [Clause  595],  after ‘pay’, insert ‘a’.

 

Mr Secretary Darling

 

Agreed to  578

 

Page  283,  line  33  [Clause  597],  at end insert ‘a cash consideration.

 

(2A)    

A “cash consideration” means’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Agreed to  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

 

Agreed to  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

 

Agreed to  581

 

Page  284,  line  7  [Clause  597],  at end insert—

 

‘(5)    

An order under this section is subject to negative resolution procedure.’.

 



 
 

Report Stage Proceedings: 19th October 2006              

982

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Agreed to  620

 

Page  286,  line  35  [Clause  603],  after ‘Chapter’ insert ‘or Chapter 6’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  29

 

Page  286,  line  35  [Clause  603],  after ‘Chapter’, insert ‘or Chapter 6 of this Part’.

 


 

Mr Secretary Darling

 

Agreed to  621

 

Page  287,  line  6  [Clause  603],  after ‘Chapter’ insert ‘or Chapter 6’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  30

 

Page  287,  line  6  [Clause  603],  after ‘Chapter’, insert ‘or Chapter 6 of this Part’.

 

Mr Secretary Darling

 

Agreed to  622

 

Page  287,  line  23  [Clause  603],  after ‘Chapter’ insert ‘or Chapter 6’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  31

 

Page  287,  line  23  [Clause  603],  after ‘Chapter’, insert ‘or Chapter 6 of this Part’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  32

 

Page  287,  line  44  [Clause  605],  after ‘Chapter’, insert ‘or Chapter 6 of this Part’.

 

Mr Secretary Darling

 

Agreed to  623

 

Page  287,  line  46  [Clause  605],  after ‘Chapter’ insert ‘or Chapter 6’.


 
 

Report Stage Proceedings: 19th October 2006              

983

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  33

 

Page  287,  line  46  [Clause  605],  after ‘Chapter’, insert ‘or Chapter 6 of this Part’.

 


 

Mr Secretary Darling

 

Agreed to  624

 

Page  288,  line  24  [Clause  607],  at end insert—

 

    

‘Accordingly, subsection (1) does not apply in that case.’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  34

 

Page  288,  line  24  [Clause  607],  at end insert ‘and accordingly subsection (1) does

 

not apply in that case’.

 

Mr Secretary Darling

 

Agreed to  625

 

Page  288,  line  29  [Clause  607],  leave out ‘Chapter’ and insert ‘section or section

 

610’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  35

 

Page  288,  line  29  [Clause  607],  after ‘Chapter’, insert ‘(excluding sections 611 and

 

612)’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  37

 

Page  288,  line  34  [Clause  610],  at end insert ‘and accordingly subsection (1) does

 

not apply in that case’.

 



 
 

Report Stage Proceedings: 19th October 2006              

984

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  36

 

Page  290,  line  20  [Clause  610],  after first ‘valuation’, insert ‘,’.

 


 

Mr Secretary Darling

 

Agreed to  626

 

Page  295,  line  35  [Clause  620],  after ‘Chapter’ insert ‘or Chapter 5’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  38

 

Page  295,  line  35  [Clause  620],  after ‘Chapter’, insert ‘or Chapter 5 of this Part’.

 


 

Mr Secretary Darling

 

Agreed to  627

 

Page  296,  line  6  [Clause  620],  after ‘Chapter’ insert ‘or Chapter 5’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  39

 

Page  296,  line  6  [Clause  620],  after ‘Chapter’ insert ‘or Chapter 5 of this Part’.

 

Mr Secretary Darling

 

Agreed to  628

 

Page  296,  line  23  [Clause  620],  after ‘Chapter’ insert ‘or Chapter 5’.


 
previous section contents continue
 
House of Commons home page Houses of Parliament home page House of Lords home page search page enquiries

© Parliamentary copyright 2006
Revised 20 October 2006