New clause 17

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

Alert me about debates like this

Register of authorised signatories

‘(1) Every company that has appointed one or more persons as authorised signatories under this Part must keep a register of those persons.

(2) The register—

(a) must contain the required particulars (see sections (Particulars of authorised signatories to be registered) and (Particulars to be registered: power to make regulations)) of each person so appointed, and

(b) must be kept available for inspection at the company’s registered office.

(3) The register must contain, in a prominent position, a statement—

(a) that the company’s directors, and in the case of a public company its secretary (or any of its joint secretaries), are also authorised signatories in relation to the company, and

(b) that particulars of those persons may be found in the company’s register of directors or register of secretaries.

(4) The register must be open to the inspection—

(a) of any member of the company without charge, and

(b) of any other person on payment of such fee as may be prescribed.

(5) If default is made in complying with subsection (1), (2) or (3), or if an inspection required under subsection (4) is refused, an offence is committed by—

(a) the company, and

(b) every officer of the company who is in default.

(6) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 5 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 5 on the standard scale.

(7) In the case of a refusal of inspection of the register, the court may by order compel an immediate inspection.’.—[Margaret Hodge.]

Brought up, and added to the Bill.