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Report Stage Proceedings: 19th October 2006              

985

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  40

 

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

 


 

Mr Secretary Darling

 

Agreed to  629

 

Page  297,  line  8  [Clause  622],  after ‘Chapter’ insert ‘or Chapter 5’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  41

 

Page  297,  line  8  [Clause  622],  at end insert ‘or Chapter 5 of this Part’.

 


 

Mr Secretary Darling

 

Agreed to  630

 

Page  299,  line  14  [Clause  627],  after ‘secured’ insert ‘at least’.

 

Mr Secretary Darling

 

Agreed to  631

 

Page  299,  line  17  [Clause  627],  after ‘has’ insert ‘secured at least’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Agreed to  632

 

Page  299,  line  29  [Clause  627],  after ‘having’ insert ‘secured at least’.

 



 
 

Report Stage Proceedings: 19th October 2006              

986

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Agreed to  649

 

Page  301,  line  45  [Clause  632],  leave out ‘an ordinary’ and insert ‘a’.

 


 

Mr Secretary Darling

 

Agreed to  650

 

Page  303,  line  26  [Clause  636],  leave out ‘ordinary’.

 


 

Mr Secretary Darling

 

Agreed to  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  43

 

Page  306,  line  32,  leave out Clause 643.

 

Mr Secretary Darling

 

Agreed to  817

 

Page  306,  line  33  [Clause  643],  leave out ‘purpose of this Chapter’ and insert

 

‘purposes of the Companies Acts’.

 


 

Mr Secretary Darling

 

Agreed to  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

 

Agreed to  583

 

Page  307,  line  26  [Clause  645],  leave out ‘be varied if, and only if,’ and insert ‘only

 

be varied—


 
 

Report Stage Proceedings: 19th October 2006              

987

 

Companies Bill[ [], continued

 
 

(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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  44

 

Page  308,  line  30  [Clause  647],  after ‘shall’, insert ‘,’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  45

 

Page  308,  line  30  [Clause  647],  after ‘satisfied’, insert ‘,’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Agreed to  819

 

Page  309,  line  28  [Clause  650],  after ‘class’, insert ‘or description’.

 


 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  47

 

Page  311,  line  22  [Clause  655],  leave out ‘pay off’ and insert ‘repay’.


 
 

Report Stage Proceedings: 19th October 2006              

988

 

Companies Bill[ [], continued

 
 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  794

 

Page  312,  line  24  [Clause  657],  leave out ‘(including any contingent or prospective

 

liabilities)’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  793

 

Page  312,  line  24  [Clause  657],  leave out ‘or prospective’.

 


 

Mr Secretary Darling

 

Agreed to  806

 

Page  316,  line  25  [Clause  664],  leave out ‘(see section 776)’.

 



 
 

Report Stage Proceedings: 19th October 2006              

989

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  49

 

Page  320,  line  24  [Clause  673],  leave out ‘the’ and insert ‘a’.

 


 

Mr Secretary Darling

 

Agreed to  635

 

Page  321,  line  29  [Clause  675],  after ‘Part’ insert ‘or Part 30 (protection of

 

members against unfair prejudice)’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  50

 

Page  321,  line  29  [Clause  675],  after ‘Part’ insert ‘or Part 30’.

 

Mr Secretary Darling

 

Agreed to  807

 

Page  321,  line  44  [Clause  675],  leave out ‘(see section 776)’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Agreed to  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.’.

 



 
 

Report Stage Proceedings: 19th October 2006              

990

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Agreed to  52

 

Page  323,  line  37  [Clause  679],  leave out ‘registered’ and insert ‘re-registered’.

 


 

Mr Secretary Darling

 

Agreed to  637

 

Page  324,  line  14  [Clause  681],  after ‘Part’ insert ‘or Part 30 (protection of

 

members against unfair prejudice)’.

 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  53

 

Page  324,  line  14  [Clause  681],  after ‘Part’ insert or ‘or Part 30’.

 


 

Mr Secretary Darling

 

Agreed to  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  54

 

Page  326,  line  36  [Clause  686],  leave out ‘that’ and insert ‘the relevant’.

 



 
 

Report Stage Proceedings: 19th October 2006              

991

 

Companies Bill[ [], continued

 
 

Mr Secretary Darling

 

Agreed to  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 Secretary Darling

 

Agreed to  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 Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  422

 

Page  328,  line  23  [Clause  691],   after ‘subsidiaries’, insert, ‘incorporated in the

 

United Kingdom’.

 

Mr Secretary Darling

 

Agreed to  461

 

Page  328,  line  25  [Clause  691],  after first ‘company’ insert ‘in which the shares

 

were acquired’.

 


 

Mr Alan Duncan

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not called  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

 

Mr Jonathan Djanogly

 

Charles Hendry

 

Mr Crispin Blunt

 

James Brokenshire

 

Justine Greening

 

Not selected  55

 

Page  330,  line  10  [Clause  694],  leave out ‘any thing’ and insert ‘anything’.


 
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