Clause 58
Company Law Reform Bill [Lords]
9:30 am
James Brokenshire (Hornchurch, Conservative)
The clause gives the Secretary of State new powers to restrict what letters and symbols may be used in the company’s registered name and to specify a permitted format for a name. It is a new provision and is not contained in the 1985 Act. I would be grateful if the Minister clarifed why it was felt that the additional clause was needed. I would also be grateful if she set out the potential problems that the Government seek to address and what marks and symbols she has in mind for the subsequent regulations.