New Clause 412

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

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Application of valuation requirements

‘The provisions of sections (Valuation by qualified independent person) to (Valuer entitled to full disclosure) apply to the valuation and report required by—

section 93 (re-registration as public company: valuation of recently transferred non-cash asset);

section (Public company: valuation of non-cash consideration for shares) (allotment of shares of public company in consideration of non-cash asset);

section (Public company: agreement for transfer of non-cash asset in initial period) (transfer of non-cash asset to public company).’.—[Margaret Hodge.]

Brought up, and added to the Bill.