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S.C.B.

Amendment Paper as at
Tuesday 14th May 2002

STANDING COMMITTEE B


ENTERPRISE BILL

NOTE

The Amendments have been arranged in accordance with the Order of the Committee (16th April).

   

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

524

Clause     243,     page     170,     line     16,     at end insert 'appointed under such floating charge'.

   

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

439

Clause     243,     page     170,     leave out lines 17 to 22 and insert—

    '(2)   A prescribed part of the company's net property shall be applied towards the satisfaction of debts that are neither preferential nor secured and shall not be distributed to the proprietor of a floating charge except in so far as it exceeds the amount required for the satisfaction of such debts.

      (a) where subsection (1)(a) applies the liquidator shall use the prescribed part to pay the unsecured debts in whole or in part.

      (b) where subsection (1)(b) applies the administrator shall use the prescribed part to pay the unsecured debts in whole or in part or, if so authorised by proposals approved under paragraph 51 of Schedule B1, make it available for that purpose to a liquidator of the company, the supervisor of a voluntary arrangement to which the company is subject or the company itself.

      (c) where subsection (1)(c) applies the provisional liquidator shall, subject to any order of the court, retain the prescribed part until a winding-up order is made or the petition dismissed.

      (d) where subsection (1)(d) applies the receiver shall use the prescribed part to pay the unsecured debts in whole or in part or make it available for that purpose to any liquidator of the company.'.

   

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

440

Clause     243,     page     170,     line     25,     after 'minimum', insert 'amount or less than the prescribed minimum proportion of the unsecured debts.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

456

Clause     243,     page     170,     line     26,     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

525

Clause     243,     page     170,     line     35,     after 'property', insert 'subject to a floating charge'.

   

Miss Melanie Johnson

479

Clause     243,     page     170,     line     35,     leave out from 'property' to end of line 39 and insert 'which would, but for this section, be available for satisfaction of claims of holders of debentures secured by, or holders of, any floating charge created by the company.'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

457

Clause     243,     page     170,     line     36,     at end add 'and limited to the value of the assets over which the fixed charge subsists.'.

   

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

526

Clause     243,     page     170,     line     38,     leave out 'the company's' and insert 'such'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

458

Clause     243,     page     170,     line     38,     at end add 'including any trading loss incurred.'.

   

Miss Melanie Johnson

480

Clause     243,     page     170,     line     41,     after 'may', insert ', in particular,'.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

459

Clause     243,     page     171,     line     12,     after 'creation', insert '; in Scotland, references to the creation of a charge are—

      (a) in the case of a floating charge, the date on which the instrument creating the floating charge was executed by the company creating the charge, and

      (b) in any other case, the date on which the right of the person entitled to the benefit of the charge was constituted as a real right.'.

   

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

429

Clause     243,     page     171,     line     13,     at end insert—

       '"Receiver" means an administrative receiver or (in Scotland) a receiver appointed under Chapter II of Part III of the Insolvency Act 1986.'.

   

Miss Melanie Johnson

481

Clause     243,     page     171,     line     19,     leave out 'reason' and insert 'virtue'.


   

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

527

Page     171,     line     21,     leave out Clause 244.


   

Mr John Whittingdale
Mr Nigel Waterson
Mr Charles Hendry

44

Clause     245,     page     171,     line     33,     leave out 'one year' and insert 'two years'.

   

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

455

Clause     245,     page     171,     leave out line 33 and insert—

      (a) in the case of an individual whose bankruptcy arises from the closure of a business or trade established or operated by that individual, one year beginning with the date on which the bankruptcy commences; and

      (b) in cases not falling within subsection 1(a):

      (i) where a certificate for the summary administration of the bankrupt's estate has been issued and is not revoked before the bankrupt's discharge, two years beginning with the date on which the bankruptcy commences; and

      (ii) in any other case, three years beginning with the date on which the bankruptcy commences'.

   

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

430

Clause     245,     page     171,     leave out lines 34 to 37.

   

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

519

Clause     245,     page     171,     leave out lines 34 to 41.

   

Dr Vincent Cable
Mr Alistair Carmichael
Dr John Pugh

580

Clause     245,     page     172,     leave out lines 1 to 11.

   

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

520

Clause     245,     page     172,     leave out lines 10 and 11.


   

Miss Melanie Johnson

510

Schedule     19,     page     285,     line     6,     leave out '4(a)' and insert '4(1)(a)'.

   

Miss Melanie Johnson

511

Schedule     19,     page     285,     line     9,     leave out sub-paragraph (2) and insert—

    '(2) If the income payments order specifies a date after which it is not to have effect, it shall continue in force until that date (and then lapse).'.

   

Miss Melanie Johnson

512

Schedule     19,     page     285,     line     14,     leave out 'end of the period specified' and insert 'date referred to'.


   

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

431

Schedule     20,     page     286,     line     13,     after 'knew', insert 'or ought to have known'.

   

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

450

Schedule     20,     page     286,     line     13,     after 'debts', insert 'or ought to have concluded that he was unable to pay his debts'.

   

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

522

Schedule     20,     page     286,     line     28,     leave out from 'also' to end of line 29 and insert 'in particular, consider whether the bankrupt had a bankruptcy order made against him at some time during the period of six years ending'.

   

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

560

Schedule     20,     page     287,     leave out lines 11 to 14 and insert—

    '5 (1)   This paragraph applies to any person who—

      (a) is an undischarged bankrupt who is not subject to a bankruptcy restrictions order, or

      (b) is a former bankrupt in respect of whom there is a pending application for a bankruptcy restrictions order.'.

   

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

561

Schedule     20,     page     287,     line     17,     leave out 'the' and insert 'an'.

   

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

562

Schedule     20,     page     287,     line     18,     leave out 'will' and insert 'would'.

   

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

563

Schedule     20,     page     287,     line     26,     at end insert—

      '( ) where the order is made by virtue of sub-paragraph (1)(a), if more than twelve months elapses without an application for a bankruptcy order being made,'.

 
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Prepared 14 May 2002