Clause 10
Company Law Reform Bill [Lords]
10:30 am
Margaret Hodge (Minister of State (Industry and the Regions), Department of Trade and Industry; Barking, Labour)
I think that that would of itself become extremely bureaucratic and the statement of share capital could well be out of date on day one after the company was incorporated. Having a separate statement from the beginning is clearer. There may be variants of view on that, but we believe that it will be simpler to update the statement if it is separate, not least if the company chooses to use electronic means to do so. I hope that, having had that little exchange, the hon. Gentleman will withdraw the amendment.