Clause 12
Company Law Reform Bill [Lords]
11:00 am
Margaret Hodge (Minister of State (Industry and the Regions), Department of Trade and Industry; Barking, Labour)
The hon. Gentleman alludes to a series of issues that are part of the transition we shall have to reflect on as the Bill moves towards becoming an Act. I hope he accepts our assurance that we will be putting out regulations for the transitional arrangements. There will be extensive consultation on the regulations, which will not come into force until October 2007. We appreciate, as he does, that there is a degree of complexity in getting the transition right for existing companies. I hope he accepts that there will be extensive consultation on our part with all interested parties.