§ Colonel ENGLANDasked the President of the Board of Trade whether he will consider the possibility of amending and strengthening the law relating to private limited liability companies, seeing that the present state of the law affords shelter and protection for many-fraudulent persons and transactions?
Mr. WEBBThe question of private companies was dealt with in the Report dated 15th July, 1918, of the Company Law Amendment Committee of which Lord Wrenbury was the Chairman. The Committee came to the conclusion that no alteration was then required in the2148W law relating to private companies. If the hon. and gallant Member will furnish me with particulars of any of the cases he has in mind the matter shall receive consideration when legislation is introduced to amend the Companies Acts.