Clause 143

Company Law Reform Bill [Lords] – in a Public Bill Committee at 1:15 pm on 6th July 2006.

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Power to provide for exceptions from minimum age requirement

Question proposed, That the clause stand part of the Bill.

Photo of Jonathan Djanogly Jonathan Djanogly Shadow Minister (Business, Innovation and Skills), Shadow Solicitor General, Shadow Minister (Justice)

I have two brief points to make. First, will the Minister confirm that the clause could be used to cater for individual circumstances rather than classes of people? I believe that we have already had an answer to that. Secondly, to what extent will the Minister be open-minded about granting waivers in respect of classes? We note the negative resolution procedure, but would a less formal administrative mechanism be more appropriate, and could such a mechanism be introduced by regulation?

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

That is an interesting concept, and I have no objection to considering whether it would be appropriate. However, I have to say to the hon. Gentleman, no on the individuals, yes on the classes. Of course we will have full consultation on the regulations before the power is used.

Question put and agreed to.

Clause 143 ordered to stand part of the Bill.