Clause 22
Company Law Reform Bill [Lords]
12:00 pm
Margaret Hodge (Minister of State (Industry and the Regions), Department of Trade and Industry; Barking, Labour)
At present, under section 17(2)(b) of the 1985 Act, companies are able to provide that certain provisions of their memorandum can never be changed. As we discussed, under the Bill, the memorandum will contain the bare information that is required to evidence the intention of the founder members to form a company and companies will not need, or be able, to alter their memorandum.