Clause 515

Company Law Reform Bill [Lords] – in a Public Bill Committee at 5:15 pm on 13th July 2006.

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Meaning of “appropriate audit authority” and “major audit”

Photo of Vera Baird Vera Baird Parliamentary Under-Secretary, Department for Constitutional Affairs

I beg to move amendment No. 481, in clause 515, page 249, line 14, leave out from ‘audit’ to end of line 16 and insert ‘—

(i) the Secretary of State, or

(ii) if the Secretary of State has delegated functions under section 881 to a body whose functions include receiving the notice in question, that body;’.

Again, this is a minor technical amendment. We are in a strong position with it, as it was tabled to clarify an ambiguity pointed out by the Opposition in another place. Consequently, I imagine that they do not want further explanation.

Photo of Justine Greening Justine Greening Vice-Chair (Youth), Conservative Party

I am delighted to see the Government incorporate a badly needed amendment from the other place.

Amendment agreed to.

Clause 515, as amended, ordered to stand part of the Bill.

Clauses 516 to 524 ordered to stand part of the Bill.