Clause 10
Company Law Reform Bill [Lords]
10:30 am
Jonathan Djanogly (Shadow Solicitor General (Also Shadow Minister for Trade and Industry), Law Officers (Assist the Home Affairs Team); Huntingdon, Conservative)
The practice of most companies that put their initial share capital into the articles is that the first time they change them, they remove it at that point, so rather than being an ongoing obligation, it would probably be a one-off when the company was recapitalised for the first time.