New clause 14

Company Law Reform Bill [Lords] – in a Public Bill Committee at 1:45 pm on 20th July 2006.

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Authorised signatories

‘(1) The following are authorised signatories in relation to a company—

(a) every director of the company;

(b) in the case of a public company, the secretary (or any joint secretary) of the company;

(c) any person appointed as an authorised signatory under this Part.

(2) Every director, and every such secretary or person appointed as an authorised signatory, is by virtue of his appointment authorised to sign documents of any description on behalf of the company.

(3) The signature of any such person on behalf of the company is effective notwithstanding that it is afterwards discovered—

(a) that there was a defect in his appointment,

(b) that he was not qualified to be appointed, or

(c) that he had ceased to hold office.’.—[Margaret Hodge.]

Brought up, and added to the Bill.