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Commonwealth Development Corporation Bill [H.L.]

This is the Commonwealth Development Corporation Bill [H.L.], as introduced in the House of Lords on 25 November 1998

 
  
 
EXPLANATORY NOTES
 
  Explanatory Notes to the Bill, prepared by the Department for International Development, are published separately as HL Bill 2- EN.
 
 

EUROPEAN CONVENTION ON HUMAN RIGHTS
 

The Lord McIntosh of Haringey has made the following statement under section 19(1)(a) of the Human Rights Act 1998:
 

 

In my view the provisions of the Commonwealth Development Corporation Bill are compatible with the Convention rights.

 
 
  
Commonwealth Development Corporation Bill [H.L.]
 
 
 
 
ARRANGEMENT OF CLAUSES

Registration under the Companies Act 1985
Clause 
1.Initial steps by Secretary of State.
2.Filing of documents.
3.Appointing day for registration.
4.Registration.
5.Effect of registration.
6.Initial allotment of shares.
7.Repeal of 1978 Act: savings, &c.

Financial assistance by Government
8.Old loans, advances and guarantees.
9.New loans.
10.New guarantees.
11.Guarantees: supplemental.
12.Other assistance.
13.Accounts.
14.Waiver of payments.
15.Limit on government assistance.

Miscellaneous
16.Requirement to issue securities.
17.Acquisition of securities.
18.Minimum Crown share-holding.
19.Securities held by or for Crown.
20.Trustee Investments Act 1961.
21.Treasury consent.
22.House of Commons Disqualification, &c.
23.Powers and duties of Corporation before registration.

General
24.Interpretation: companies and shares.
25.Interpretation: general.
26.Repeals.
27.Short title and extent.
 

SCHEDULES:
    Schedule 1-Documents to be filed.
    Schedule 2-Modification of Companies Act 1985, &c..
    Part I-Modifications before registration.
    Part II-Modifications on and after registration.
    Schedule 3-Repeals.
 

 
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Prepared 26 November 1998