- (1) If the registrar considers it expedient to do so in connection with his functions under section 69(3)(a), 92(1), [Electronic settlement] or 104(1) or paragraph 10 of Schedule 5, he may—
- (a) form, or participate in the formation of, a company, or
- (b) purchase, or invest in, a company.
- (2) In this section—
- "company" means a company within the meaning of the Companies Act 1985;
- "invest" means invest in any way (whether by acquiring assets, securities or rights or otherwise).
- (3) This section is without prejudice to any powers of the registrar exercisable otherwise than by virtue of this section.'.—[Mr. Wills.]
§ Brought up, read the First and Second time, and added to the Bill.