Moved by
Baroness Blake of Leeds
4: After Clause 3, insert the following new Clause—
“Duty to report on directors of dissolved companies
(1) The Secretary of State must lay a report before each House of Parliament no later than three months after the day on which this Act is passed, and during each three month period thereafter.
(2) Each report under subsection (1) must include the number of former directors of dissolved companies the Insolvency Service has—
(a) investigated, and
(b) disqualified both in the three-month period prior to the report being published, and in total since section 1 came into force.”
Member’s explanatory statement
This new Clause would place an obligation on the Secretary of State to report the number of former directors of dissolved companies investigated and disqualified by the Insolvency Service.