Clause 272

Company Law Reform Bill [Lords] – in a Public Bill Committee at 9:45 am on 29th June 2006.

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Eligible members

Question proposed, That the clause stand part ofthe Bill.

Photo of James Brokenshire James Brokenshire Conservative, Hornchurch

During discussions in Grand Committee in the other place, there was a short debate on what is now clause 275 about the time of the  circulation of notices and whether time should run from the distribution of the last of the written notices to shareholders or the first, when notification of written resolutions is sent out at different times.

A similar point arises in the context of this clause. In Grand Committee, Lord Sainsbury said that he would look at this matter again. I see that there are competing arguments, but I would be grateful if the Minister confirmed that the matter is settled.

Photo of Margaret Hodge Margaret Hodge Minister of State (Industry and the Regions)

On this point I have a clear brief. We did look at the matter again and the answer is no, but I do not have a copy of what precisely Lord Sainsbury said.

Photo of James Brokenshire James Brokenshire Conservative, Hornchurch

I am grateful for that clarification.

Question put and agreed to.

Clause 272 ordered to stand part of the Bill.

Clause 273 ordered to stand part of the Bill.