Companies (Audit, Investigations and Community Enterprise) Bill [HL]—
Amendments to be debated in the House of Lordscontinued

House of Lords

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Clause 29

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

121Page 28, line 35, leave out "and"
122Page 28, line 36, leave out paragraph (b)
123Page 29, line 4, after first "the" insert "holding of meetings and"
124Page 29, line 5, leave out "and removal" and insert ", removal and remuneration"
125Page 29, line 7, leave out "voting at meetings" and insert "the holding of meetings and voting rights"
126Page 29, line 7, at end insert ", and
(g)  provisions about how the company will benefit the community"
 

THE LORD PHILLIPS OF SUDBURY
THE LORD RAZZALL

127*Page 29, line 7, at end insert—
"(   )  provisions about payment of remuneration and other benefits to members and direction of the company."
128*Page 29, line 8, leave out subsection (5)
 

Clause 30

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

129Page 29, line 31, leave out ""community interest" and insert ""c.i."
 

Clause 32

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

130Page 30, line 19, leave out from "if" to end of line 20 and insert "it meets the requirements of the regulations as provided for in subsection (5A)"
 

THE LORD PHILLIPS OF SUDBURY
THE LORD RAZZALL

131*Page 30, line 20, after "activities" insert "(if any)"
 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

132Page 30, line 31, at end insert—
"(5A)  "Community interest" is to be defined in regulations made by the Secretary of State."
 

THE LORD HODGSON OF ASTLEY ABBOTTS
THE LORD GLENTORAN

133Page 30, line 32, leave out subsection (6)
 

Clause 36

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

 The above-named Lords give notice of their intention to oppose the Question that Clause 36 stand part of the Bill.
 

Clause 37

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

 The above-named Lords give notice of their intention to oppose the Question that Clause 37 stand part of the Bill.
 

Clause 38

 

THE LORD PHILLIPS OF SUDBURY
THE LORD RAZZALL

134*Page 34, line 30, leave out subsection (1)
135*Page 34, line 38, at end insert ", or
(   )  section 46 (transfer of shares),"
 

THE LORD HODGSON OF ASTLEY ABBOTTS
THE LORD GLENTORAN

136Page 34, line 44, leave out paragraph (a)
 

THE LORD PHILLIPS OF SUDBURY
THE LORD RAZZALL

137*Page 35, line 4, leave out paragraph (d)
 

Clause 41

 

THE LORD PHILLIPS OF SUDBURY
THE LORD RAZZALL

138*Page 35, line 42, at end insert ", and
(   )  the remedy sought"
 

After Clause 42

 

THE LORD HODGSON OF ASTLEY ABBOTTS
THE LORD GLENTORAN

139Insert the following new Clause—
  "Duties of directors
  Where the appointment or the duties of a director of a community interest company under this Act conflict with his duties as a director as provided for in the Companies Act 1985 (c. 6) and the Companies Act 1989 (c. 40), the latter will prevail."
 

Clause 44

 

THE LORD SAINSBURY OF TURVILLE

140Page 38, line 43, leave out from "may" to end of line 5 on page 39 and insert "authorise the Regulator—
(a)  to require a manager to make reports,
(b)  to require a manager to give security for the due exercise of the manager's functions, and
(c)  to remove a manager in circumstances prescribed by the regulations.
(   )  Regulations may—
(a)  provide for a manager's remuneration to be payable from the property of the company, and
(b)  authorise the Regulator to determine the amount of a manager's remuneration and to disallow any amount of remuneration in circumstances prescribed by the regulations."
 

Clause 51

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

 The above-named Lords give notice of their intention to oppose the Question that Clause 51 stand part of the Bill.
 

Clause 52

 

THE LORD GLENTORAN
THE LORD HODGSON OF ASTLEY ABBOTTS

 The above-named Lords give notice of their intention to oppose the Question that Clause 52 stand part of the Bill.
 

Clause 54

 

THE LORD HODGSON OF ASTLEY ABBOTTS
THE LORD GLENTORAN

141Page 44, line 20, leave out subsection (3)
 

Clause 57

 

THE LORD HODGSON OF ASTLEY ABBOTTS
THE LORD GLENTORAN

142Page 46, line 2, leave out paragraph (a)
 

Clause 59

 

THE LORD SAINSBURY OF TURVILLE

143Page 47, line 2, leave out subsection (6)
144Page 47, line 5, leave out "or subsection (6) applies to it"
 

Schedule 8

 

THE LORD SAINSBURY OF TURVILLE

145Page 70, line 13, leave out "69(4)" and insert "69(2) and (4)"

 
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15 March 2004