Clearly, these regulations are appropriate and relatively straightforward, although I take the point that the noble Lord, Lord De Mauley, makes about the complexity of statutory instruments under this legislation. I have two points to make. First, I very much welcome the confirmation that the Minister gave that this area will be kept continually under review. I have some scepticism about whether the appetite of Parliament, under any party, for another Companies Act will be met in the foreseeable future, after living through the last one. As the Minister said, anecdotally there is beginning to be a bit of an increase in fraudulent formation of companies, with directors’ names being used who were never directors and never actually signed the consent form—somebody else forged their signature. Recognising that that is a problem, I welcome the undertaking that the Minister has given that this will be kept under review.
My second point is on a slightly more difficult question. I am always amused by the report that we, rightly, receive on consultation outcomes, when the phrase is used, ""the proposed approach was generally supported"."
I would always like to know what objections people had who did not generally support the proposed regulations. Clearly, we will not have a statement in this document, because it has already been written, but it would be helpful if the Minister could give some indication about the objections, because they are not stated and they are not obvious to me. If anyone is sitting behind him who can summarise it for him, I would be grateful.
Companies Act 2006 (Part 35) (Consequential Amendments, Transitional Provisions and Savings) Order 2009
Proceeding contribution from
Lord Razzall
(Liberal Democrat)
in the House of Lords on Wednesday, 17 June 2009.
It occurred during Debates on delegated legislation on Companies Act 2006 (Part 35) (Consequential Amendments, Transitional Provisions and Savings) Order 2009.
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2008-09Chamber / Committee
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