New Clause 82

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

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Provisions about pre-emption not applicable to shares taken on formation

‘The provisions of this Chapter have no application in relation to the taking of shares by the subscribers to the memorandum on the formation of the company.’.—[Margaret Hodge.]

Brought up, and added to the Bill.