New clause 16
Company Law Reform Bill [Lords]
1:45 pm
Minimum age for appointment as authorised signatory
‘(1) A person may not be appointed an authorised signatory under this Part unless he has attained the age of 16 years.
(2) This does not affect the validity of an appointment that is not to take effect until the person appointed attains that age.
(3) An appointment made in contravention of this section is void.
(4) Nothing in this section affects any liability of a person under any provision of the Companies Acts if he purports to act as an authorised signatory although he could not, by virtue of this section, be validly appointed as an authorised signatory.’.—[Margaret Hodge.]