New Clause 51

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

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Issued and allotted share capital

‘(1) References in the Companies Acts—

(a) to “issued share capital” are to shares of a company that have been issued;

(b) to “allotted share capital” are to shares of a company that have been allotted.

(2) References in the Companies Acts to issued or allotted shares, or to issued or allotted share capital, include shares taken on the formation of the company by the subscribers to the company’s memorandum.’.—[Margaret Hodge.]

Brought up, and added to the Bill.