§ 150 Clause 37, page 45, line 26, after "shares" insert "or any interest of the company in them"
1007§ 151 Clause 37, page 45, line 27, leave out "three years" and insert "the relevant period"
§ 152 Clause 37, page 45, line 28, leave out from second "or" to end of line 29 and insert"in a case to which subsection (1)(b), (c) or (d) applies, their acquisition,"
§ 153 Clause 37, page 45, line 33, leave out "issued" and insert "allotted"
§ 154 Clause 37, page 45, line 44, leave out"(1)(b) above, the company's nominee"and insert"(1)(c) or (d) above, the company's nominee or, as the case may he, the other shareholder "
§ 155 Clause 37, page 46, line 4, leave out "and such additions to"
§ 156 Clause 37, page 46, line 7, leave out "framed"
§ 157 Clause 37, page 46, line 10, leave out "and added to"
§ 158 Clause 37, page 46, line 14, leave out from "the" to "section" in line 15 and insert "relevant period,"
§ 159 Clause 37, page 46, line 38, after "forfeiture" insert "or are otherwise acquired by the company"
§
160 Clause 37, page 46, leave out lines 39 to 43 and insert—
§ 161 Clause 37, page 47, line 1, leave out "period of three years" and insert "relevant period"
§ 162 Clause 37, page 47, line 3, leave out "period of three years" and insert "relevant period"
§
163 Clause 37, page 47, line 4, at end insert—
(9A) Where a public company or a nominee of a public company acquires shares in the company or an interest in such shares and those shares are or that interest is shown in a balance sheet of the company as an asset, an amount equal to the value of the shares or, as the case may be, the value to the company of its interest in the shares shall be transferred out of profits available for dividend to a reserve fund and shall not be available for distribution.
§ (9B) In this section relevant period ', in relation to any shares, means—
- (a) in the case of shares forfeited or surrendered to the company in lieu of forfeiture or acquired as mentioned in subsection (1)(b) or (c) above, three years;
- (b) in the case of shares acquired as mentioned in subsection (1)(d) above, one year."
§ 164 Clause 38, page 47, line 18, after "credit" insert "or the bailment or (in Scotland) hiring of goods under a hire purchase agreement, or both,"
§ 165 Clause 38, page 47, line 18, leave out "taken by" and insert "of"
1008§ 166, Clause 38, page 47, line 19, leave out"as security for the purposes of"and insert"which arises in connection with "
§ 167 Clause 38, page 47, line 24, after "or" insert "is"
§ 5.15.p.m.
§ Lord LYELLMy Lords, I beg to move that this House doth agree with the Commons in their Amendments Nos. 150 to 167 en bloc.
§ Moved, That this House doth agree with the Commons in the said amendments.—(Lord Lyell.)
§ On Question, Motion agreed to.