New Clause 96
Company Law Reform Bill [Lords]
1:45 pm
Enforceability of undertakings to do work etc
‘(1) An undertaking given by any person, in or in connection with payment for shares in a company, to do work or perform services or to do any other thing, if it is enforceable by the company apart from this Chapter, is so enforceable notwithstanding that there has been a contravention in relation to it of a provision of this Chapter.
(2) This is without prejudice to section (Power of court to grant relief) (power of court to grant relief etc in respect of liabilities).’. —[Margaret Hodge.]