§ [No. 57.]
§ Clause 35, page 32, line 22, after ("1972") insert ("section 9 of the Insolvency Act 1976, sections 1 to 4 of the Stock Exchange (Completion of Bargains) Act 1976").
§ Lord WINTERBOTTOMMy Lords, I beg to move that this House doth agree with the Commons in their Amendment No. 57. There have been two other Bills considered in Parliament this Session, parts of which deal with company law. It is therefore necessary to amend the citation "The Companies Acts 1948 to 1976" to include the relevant parts of those measures. The Stock Exchange 849 (Completion of Bargains) Act received Royal Assent on 12th October. The Insolvency Bill has passed through both Houses and the Commons Amendments have been considered by the Lords.
It is important that the definition of "The Companies Acts 1948 to 1976 "should include all relevant provisions. As there are provisions dealing with company law in other Bills having received or due to receive Royal Assent in this session, it is necessary to amend the citation clause to include them. Clause 9 of the Insolvency Bill needs to be included because it deals with the disqualification of directors. Sections 1 to 4 of the Stock Exchange (Completion of Bargains) Act deal with the issuing and sealing of certificates for securities and with the use of computers and other non-documentary methods for company records. My Lords, this is obviously a necessary Amendment in view of the lumping of legislation at the end of the Session. I hope your Lordships will accept it. I beg to move.
§ Moved, That the House doth agree with the Commons in the said Amendment.—(Lord Winterbottom.)