Clause 107
Company Law Reform Bill [Lords]
3:15 pm
Margaret Hodge (Minister of State (Industry and the Regions), Department of Trade and Industry; Barking, Labour)
In this case, however, in relation to statements of capital, we suggest that such information should be disclosed. If the hon. Gentleman sees that as an advantage, then yes, the proposal would change the companies’ position.
The new clause requires companies that re-register to provide an updated statement of capital within 15 days unless the same information has already been provided in another way, thus ensuring that publicly available information remains up to date.