HL Deb 27 March 1980 vol 407 cc988-91

12 Clause 5, page 5, line 36, leave out "not less than two directors" and insert "a director or secretary".

13 Clause 5, Page 6, line 8, leave out from beginning to "the" in line 12 and insert— (5) Where shares are allotted by the company between the balance sheet date and the passing of the special resolution as fully or partly paid up as to their- nominal value or any premium on them otherwise than in cash ".

14 Clause 5 line 15, after "consideration" insert "for that allotment".

15 Clause 5 line 16, leave out "that section" and insert "section 24 below".

16 Clause 5 line 37, leave out "issued" and insert "allotted".

17 Clause 5 line 42, leave out first "the" and insert "any".

18 Clause 5 line 42, after "memorandum" insert "and articles".

19 Clause 5 line 43, leave out from "resolution" to "shall" in line 44.

20 Clause 5 page 7, line 28, after "of" insert "the state of".

21 Clause 5 page 7, line 44, after "of" insert "the state of".

22 Clause 6, page 8, line 22, leave out "issued" and insert "allotted".

23 Clause 6, page 8, line 24, leave out paragraph (b) and insert—

"(b) each of its allotted shares is paid up at least as to one-quarter of the nominal value of that share and the whole of any premium on it;"

24 Clause 6, page 8, line 29, after "company" insert "or any premium payable on it".

25 Clause 6, page 8, line 34, leave out from beginning to end of line 36 and insert—

"(d) where shares have been allotted as fully or partly paid up as to their nominal value or any premium payable on them otherwise than in cash and the consideration for the allotment consists of or includes an undertaking (other than one to which paragraph (c) above applies) to the company, either—"

26 Clause 6, page 8, line 40, leave out from "that" to "within" in line 41 and insert "undertaking must be performed".

27 Clause 6, page 8, line 42, leave out "issued" and insert "allotted".

28 Clause 6, page 8, line 44, leave out "issued" and insert "allotted".

29 Clause 6, Page 9, line 10, leave out "issued" and insert "allotted".

30 Clause 6, Page 9, line 14, leave out "issued" and insert "allotted".

31 Clause 6, Page 9, line 17, leave out subsection (4).

32Clause 8, page 10, line 27, after "Act" insert "other than this Part".

33 Clause 8, Page 11, line 7, leave out "not less than two directors" and insert "a director or secretary".

34 Clause 8, Page 11, line 33, leave out "not less than two directors" and insert" a director or secretary ".

35 Clause 8, Page 11, line 46, leave out "issued" and insert "allotted".

36 Clause 8, Page 12, line 3, leave out paragraph (a) and insert—

"(a) each share is paid up at least as to one-quarter of the nominal value of that share and the whole of any premium on it;

37Clause 8, Page 12, line 8, after "question" insert "or any premium payable on them"

38 Clause 8, Page 12, line 14, leave out from "up" to end of line 15 and insert" as to its nominal value or any premium payable on it otherwise than in cash and the consideration for the allotment consists of or includes an undertaking (other than one to which paragraph (b) above applies) to the company, either—"

39 Clause 8, Page 12 line 19, leave out from "that" to "within" in line 20 and insert "undertaking must be performed"

40 Clause 8, Page 12 line 19, leave out lines 21 to 23.

41 Clause 9, page 12, line 40, after "refused" insert "or withdrawn"

42 Clause 9, Page 13, line 7, leave out subsection (3).

43 Clause 10, page 13, line 17, leave out "and"

44 Clause 10, page 13, line 20, leave out "in accordance with subsection (3) below

45 Clause 10, page 13, line 20, leave out line 23 and insert"by the resolution; and

  1. (c) the period during which an application for the cancellation of the resolution under section 11(2) below may be made has expired without any such application having been made; or
  2. (d) where such an application has been made, the application has been withdrawn or an order has been made under section 11(6) below confirming the resolution, and a copy of that order has been delivered to the registrar."

46 Clause 10, page 13, line 26, leave out "and such additions to"

47 Clause 10, page 13, line 29, leave out subsections (3) and (4).

48 Clause 10, Page 14, line 8, leave out from"satisfied"to"he"in line 10 and insert"that a company may be re-registered under sub-section (1) above "

49 Clause 10, Page 14, line 19, leave out "and additions to"

50 Clause 10, Page 14, line 28, leave out subsection (8).

51 Clause 11, page 15, line 38, leave out "and additions to"

52 Clause 11, page 15, line 41, leave out from beginning to"notwithstanding"in line 43 and insert"Where an order under this section requires the company not to make any, or any specified, alteration in its memorandum or articles, then,"

53 Clause 11, page 15, line 46, leave out "or addition"

54 Clause 11, Page 16, line 1, leave out "or addition to"

55 Clause 11, Page 16, line 6, leave out "or added to".

56 Clause 12, page 16, line 18, leave out"issued"and insert"allotted "

57 Clause 12, Page 16, line 27, leave out "and additions to"

58 Clause 12, Page 16, line 37, leave out" (2), (3) and (4)" and insert" (c) and (d) and (2)"

59 Clause 12, Page 16, line 43, leave out subsection (4).

60 Clause 13, page 17, line 39, leave out "not less than two directors" and insert "a director or secretary"

61 Clause 16, page 21, line 30, leave out "non-cash asset so received" and insert"other consideration so received including, if the case so requires, the release of the applicant from any undertaking"

62 Clause 16, page 21, line 32, leave out "such and asset" and insert "the consideration"

63 Clause 16, page 21, line 33, leave out "such an asset" and insert "the consideration".

Lord LYELL

My Lords, I beg to move that this House do agree with the Commons in their Amendments Nos. 12 to 63 en bloc.

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

On Question, Motion agreed to.

The DEPUTY SPEAKER

My Lords, I understand that Amendments Nos. 64 to 78 can be taken en bloc if the House so wishes.