New Clause 64

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

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Provisions about allotment not applicable to shares taken on formation

‘The provisions of this Chapter have no application in relation to the taking of shares by the subscribers to the memorandum on the formation of the company.’.—[Margaret Hodge.]

Brought up, and added to the Bill.