HL Deb 27 March 1980 vol 407 cc1166-7

234 Clause 54, page 62, line 8, leave out from "section" to end of line 23 and insert "which increases the authorised minimum may—

  1. (a) require any public company having an allotted share capital of which the nominal value is less than the amount specified in the order as the authorised minimum to increase that value to not less than that amount or make an application to be re-registered as a private company;
  2. 1167
  3. (b) make, in connection with any such requirement, provision for any of the matters for which provision is made by any enactment in the Companies Acts relating to acorn-patty's registration, re-registration or change of name, to payment for any share comprised in a company's capital and to offers of shares in or debentures of a company to the public, including provision as to the consequences (whether in criminal law or otherwise) of a failure to comply with any requirement of the order; and
  4. (c) contain such supplemental and transitional provision as the Secretary of State thinks appropriate, make different provision for different cases and, in particular provide for any provision of the order to come into operation on different days for different purposes."

235 Clause 56, page 63, line 13, at end insert— "conditional sale agreement" has the same meaning as in the Consumer Credit Act 1974;

10.52 p.m.

Lord LYELL

My Lords, I beg to move that this House doth agree with the Commons in their Amendments Nos. 234 and 235.

Moved, That this House doth agree with the Commons in the said amendments.—(Lord Lyell.)

On Question, Motion agreed to.