Amendments proposed to the Enterprise Bill - continued House of Commons

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Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

Dr Vincent CableMr Alistair CarmichaelDr John Pugh

542

Schedule     16,     page     256,     line     34,     leave out paragraph 64.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

417

Schedule     16,     page     256,     leave out lines 34 and 35 and insert 'The administrator of a company may make a distribution to creditors of the company who are neither secured nor preferential only—'.

   

Miss Melanie Johnson

492

Schedule     16,     page     256,     leave out line 37 and insert—

      '(b) if the administrator thinks that the payment is likely to assist achievement of the purpose of administration.'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

445

Schedule     16,     page     257,     line     4,     after '(2)', insert 'and (3)'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

446

Schedule     16,     page     257,     line     9,     at end insert—

    '(1A)   Subject to sub-paragraph (3), where no proposals have been approved under paragraph 51 the administrator of a company shall manage its affairs, business and property in accordance with paragraph 3'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

418

Schedule     16,     page     257,     line     11,     after 'with', insert 'any'.

   

Miss Melanie Johnson

493

Schedule     16,     page     257,     line     36,     leave out first 'charge' and insert 'security'.

   

Miss Melanie Johnson

494

Schedule     16,     page     257,     line     37,     leave out 'charge' and insert 'security'.

   

Miss Melanie Johnson

495

Schedule     16,     page     258,     line     5,     leave out 'charge' and insert 'security'.

   

Miss Melanie Johnson

496

Schedule     16,     page     258,     line     7,     leave out 'charges' and insert 'securities'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

Dr Vincent CableMr Alistair CarmichaelDr John Pugh

515

Schedule     16,     page     258,     line     17,     at end insert—

    '( )   Where the goods are used by the administrator to continue running the business, the administrator must make payments to the owner of the goods under the terms of the hire-purchase agreement.'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

419

Schedule     16,     page     258,     line     26,     after 'additional', insert 'sum of'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

420

Schedule     16,     page     258,     line     26,     after 'required', insert 'by the court'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

Dr Vincent CableMr Alistair CarmichaelDr John Pugh

516

Schedule     16,     page     258,     line     28,     at end insert 'to include any additional value attributable to the owner's ability to re-hire the goods.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

466

Schedule     16,     page     259,     line     10,     leave out 'claiming' and insert 'on the grounds'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

421

Schedule     16,     page     260,     line     24,     leave out 'discharged' and insert 'released'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

544

Schedule     16,     page     260,     line     25,     at end insert—

'Reports to the Court

    75   If the administrator is still in office three months after the date on which a company enters into administration, he shall within fourteen days—

      (1) take the steps to bring the administration to an end provided for in paragraphs 78, 79, 82 or 83, or

      (2) report to the court on the company's estimated financial and trading position, the expected outcome of the administration and the time within which he considers the purpose of administration is likely to be achieved.

    76   Following a report to the court under paragraph 75(2) the administrator shall, while he continues in office, report to the court at such intervals or on such dates, and on such matters, as the court shall direct. In the absence of such directions the administrator shall report to the court at intervals of no more than six months on the matters mentioned in paragraph 75(2).'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

423

Schedule     16,     page     260,     leave out from line 27 to line 24 on page 261.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

543

Schedule     16,     page     260,     line     27,     leave out paragraphs 75 to 77.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

467

Schedule     16,     page     260,     line     29,     leave out 'three' and insert 'six'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

Dr Vincent CableMr Alistair CarmichaelDr John Pugh

517

Schedule     16,     page     260,     line     29,     leave out 'three' and insert 'twelve'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

468

Schedule     16,     page     260,     line     32,     leave out 'a specified period' and insert 'such period as the court shall determine appropriate'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

469

Schedule     16,     page     260,     line     33,     leave out 'a specified period not exceeding three months' and insert 'such period as shall be determined appropriate'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

Dr Vincent CableMr Alistair CarmichaelDr John Pugh

518

Schedule     16,     page     260,     line     34,     leave out 'three' and insert 'twelve'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

448

Schedule     16,     page     261,     leave out lines 1 to 24.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

424

Schedule     16,     page     261,     leave out lines 2 and 3 and insert—

      '(b) either (i) a meeting of creditors; or (ii) creditors of the company whose debts amount to at least 50 per cent. of the total unsecured debts of the company (if any).'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

470

Schedule     16,     page     261,     line     31,     leave out 'thinks' and insert 'reasonably believes'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

471

Schedule     16,     page     261,     line     33,     leave out 'thinks' and insert 'reasonably believes'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

472

Schedule     16,     page     261,     line     39,     leave out 'thinks' and insert 'reasonably believes'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

473

Schedule     16,     page     262,     line     4,     leave out 'thinks' and insert 'reasonably believes'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

425

Schedule     16,     page     262,     line     12,     after 'copy', insert 'to the person or persons who appointed him, to the company and'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

545

Schedule     16,     page     263,     line     10,     at end insert—

    '(5)   If the liquidator, provisional liquidator or administrator of a company becomes aware that this paragraph applies but that the court has not made an order under sub-paragraph (3) he shall apply to the court for directions.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

474

Schedule     16,     page     263,     line     13,     leave out 'thinks' and insert 'reasonably believes'.

   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry
Mr Andrew Lansley
Mr Jonathan Djanogly
Mr Mark Field

546

Schedule     16,     page     263,     line     14,     after 'that', insert 'the company has no secured creditors or that'.

 
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Prepared 7 May 2002