My Lords, Clause 498 creates a new offence for auditors who knowingly or recklessly cause an audit report to include misleading, false or deceptive matters or who knowingly and recklessly omit a statement of one of the shortcomings listed in subsection (2). I will explain in a moment why we believe that the...

My Lords, Clause 498 creates a new offence for auditors who knowingly or recklessly cause an audit report to include misleading, false or deceptive matters or who knowingly and recklessly omit a statement of one of the shortcomings listed in subsection (2). I will explain in a moment why we believe that the...

My Lords, I rise to support the noble Baroness on Amendments Nos. 316, and also to speak in support of Amendments Nos. 317 to 319. These are technical improvements, the need for which we accepted when it was pointed out by the noble Baroness, Lady Noakes, in Grand Committee, and we are grateful to her for...

My Lords, I rise to support the noble Baroness on Amendments Nos. 316, and also to speak in support of Amendments Nos. 317 to 319. These are technical improvements, the need for which we accepted when it was pointed out by the noble Baroness, Lady Noakes, in Grand Committee, and we are grateful to her for...

My Lords, I did not say ““box-ticking””. I said that there would be more auditing, more documentation, more double-reviews and more double-checking. That is not box-ticking.

My Lords, I did not say ““box-ticking””. I said that there would be more auditing, more documentation, more double-reviews and more double-checking. That is not box-ticking.

My Lords, the names of my noble friend Lord Razzall and myself are on all the amendments in this group. I shall be brief. The noble Lord, Lord Hodgson, has explained graphically and enthusiastically the rationale behind these amendments. From these Benches, we support them also.

My Lords, the names of my noble friend Lord Razzall and myself are on all the amendments in this group. I shall be brief. The noble Lord, Lord Hodgson, has explained graphically and enthusiastically the rationale behind these amendments. From these Benches, we support them also.

My Lords, I am conscious that I disappointed the noble Lord, Lord Hodgson, in Grand Committee. I hope that I will not disappoint him so much on this occasion, although I am not sure that he will be happy with the totality of what I have to say. We have considered carefully the raft of amendments that...

My Lords, I am conscious that I disappointed the noble Lord, Lord Hodgson, in Grand Committee. I hope that I will not disappoint him so much on this occasion, although I am not sure that he will be happy with the totality of what I have to say. We have considered carefully the raft of amendments that...

moved Amendment No. 286:"Page 215, line 42, leave out paragraph (b)." The noble Baroness said: My Lords, in moving Amendment No. 286, I shall also speak to the other amendments in this group. They concern the special provisions in the Bill to allow public-sector non-profit making companies not to be subject to the ordinary audit...

moved Amendment No. 286:"Page 215, line 42, leave out paragraph (b)." The noble Baroness said: My Lords, in moving Amendment No. 286, I shall also speak to the other amendments in this group. They concern the special provisions in the Bill to allow public-sector non-profit making companies not to be subject to the ordinary audit...

My Lords, I shall deal first with the important point raised by the noble Baroness, Lady Noakes, on the cross-referencing of material. I hope that I have dealt with that by saying that any material that is cross-referenced is subject to the same statutory requirements applying to the business review. That will include, for...

My Lords, I shall deal first with the important point raised by the noble Baroness, Lady Noakes, on the cross-referencing of material. I hope that I have dealt with that by saying that any material that is cross-referenced is subject to the same statutory requirements applying to the business review. That will include, for...

moved Amendment No. 174:"Page 151, line 36, at end insert—" ““(a) by a resolution of the board of directors of the company; or”” The noble Lord said: My Lords, in moving Amendment No. 174, I shall speak also to Amendments Nos. 180 and 181. The amendments are to Clauses 344, 345 and 346, which concern the authorisation required for donations or expenditure under...

moved Amendment No. 174:"Page 151, line 36, at end insert—" ““(a) by a resolution of the board of directors of the company; or”” The noble Lord said: My Lords, in moving Amendment No. 174, I shall speak also to Amendments Nos. 180 and 181. The amendments are to Clauses 344, 345 and 346, which concern the authorisation required for donations or expenditure under...

My Lords, I state at the outset that we on the Conservative Benches support the government amendments in this group. Indeed, we even tabled some of them ahead of the Government. I am sure that the Minister will agree that the Government have not handled the whole OFR debacle well. It is...

My Lords, I state at the outset that we on the Conservative Benches support the government amendments in this group. Indeed, we even tabled some of them ahead of the Government. I am sure that the Minister will agree that the Government have not handled the whole OFR debacle well. It is...

Company Law Reform Bill (HL). Lords Report stage second day. (Part 1 of 2)

Company Law Reform Bill (HL). Lords Report stage second day. (Part 1 of 2)

Company Law Reform Bill (HL). Lords Report stage second day. (Part 2 of 2).

Company Law Reform Bill (HL). Lords Report stage second day. (Part 2 of 2).

moved Amendments Nos. 172 and 173:"Page 151, line 19, after ““party”” insert ““or other political organisation,””""Page 151, line 22, after ““party”” insert ““or other political organisation,””" On Question, amendments agreed to. Clause 344 [Authorisation required for donations or expenditure]:

moved Amendments Nos. 172 and 173:"Page 151, line 19, after ““party”” insert ““or other political organisation,””""Page 151, line 22, after ““party”” insert ““or other political organisation,””" On Question, amendments agreed to. Clause 344 [Authorisation required for donations or expenditure]:

moved Amendment No. 231:"Page 199, line 32, leave out ““to 497 (signature of auditor’s report)”” and insert ““, 496, (Names to be stated in published copies of auditor’s report), and (Circumstances in which names may be omitted) (signature of auditor’s report etc)””" On Question, amendment agreed to. Clause 437 [Voluntary revision of accounts etc]:

moved Amendment No. 231:"Page 199, line 32, leave out ““to 497 (signature of auditor’s report)”” and insert ““, 496, (Names to be stated in published copies of auditor’s report), and (Circumstances in which names may be omitted) (signature of auditor’s report etc)””" On Question, amendment agreed to. Clause 437 [Voluntary revision of accounts etc]:

moved Amendments Nos. 232 to 237:"Page 201, line 26, leave out from first ““report”” to ““or”” in line 27 and insert ““or the directors’ report””""Page 201, line 31, leave out ““, review””""Page 201, line 32, leave out ““, report or review”” and insert ““or report””""Page 201, line 35, leave out ““, report or review”” and insert ““or report””""Page 202, line 1, leave out from first...

moved Amendments Nos. 232 to 237:"Page 201, line 26, leave out from first ““report”” to ““or”” in line 27 and insert ““or the directors’ report””""Page 201, line 31, leave out ““, review””""Page 201, line 32, leave out ““, report or review”” and insert ““or report””""Page 201, line 35, leave out ““, report or review”” and insert ““or report””""Page 202, line 1, leave out from first...

moved Amendment No. 238:"Page 202, line 9, leave out ““reporting accountant”” and insert ““independent examiner””" On Question, amendment agreed to.

moved Amendment No. 238:"Page 202, line 9, leave out ““reporting accountant”” and insert ““independent examiner””" On Question, amendment agreed to.

moved Amendments Nos. 239 to 241:"Page 202, line 10, leave out ““, review””""Page 202, line 12, leave out ““, report or review”” and insert ““or report””""Page 202, line 17, leave out ““, report or review”” and insert ““or report””" On Question, amendments agreed to. Clause 438 [Secretary of State’s notice in respect of accounts or reports]:

moved Amendments Nos. 239 to 241:"Page 202, line 10, leave out ““, review””""Page 202, line 12, leave out ““, report or review”” and insert ““or report””""Page 202, line 17, leave out ““, report or review”” and insert ““or report””" On Question, amendments agreed to. Clause 438 [Secretary of State’s notice in respect of accounts or reports]:

My Lords, before the Minister sits down, will he explain two things? First, I think he said that the purposes set out in Clause 444(4) applied to onward transmission. I do not understand the distinction between primary transmission, if that is the correct term, and onward transmission. I would be grateful if he explained...

My Lords, before the Minister sits down, will he explain two things? First, I think he said that the purposes set out in Clause 444(4) applied to onward transmission. I do not understand the distinction between primary transmission, if that is the correct term, and onward transmission. I would be grateful if he explained...

My Lords, the Financial Reporting Review Panel—we touched on this previously—may disclose information obtained under its compulsory powers only in a limited range of circumstances. It may make disclosures to the bodies listed in subsection (3) and for the purposes listed in subsection (4), and, in circumstances specified in subsections...

My Lords, the Financial Reporting Review Panel—we touched on this previously—may disclose information obtained under its compulsory powers only in a limited range of circumstances. It may make disclosures to the bodies listed in subsection (3) and for the purposes listed in subsection (4), and, in circumstances specified in subsections...

moved Amendment No. 274:"Page 207, line 27, leave out subsection (3)." The noble Baroness said: My Lords, in moving Amendment No. 274, I shall speak to the other amendments in the group as well. As with the previous groups, I shall be dealing with similar issues that arise in connection with the FRRP in Part 15 and the...

moved Amendment No. 274:"Page 207, line 27, leave out subsection (3)." The noble Baroness said: My Lords, in moving Amendment No. 274, I shall speak to the other amendments in the group as well. As with the previous groups, I shall be dealing with similar issues that arise in connection with the FRRP in Part 15 and the...

moved Amendment No. 273:"Page 207, line 24, at end insert—" ““(   )   It does not apply to the disclosure of information which has been— (a)   authorised by the person authorised under section 440; (b)   satisfies one or more of subsections (3) to (6) of this section; and (c)   is considered by the person authorised under section 440 to be in the...

moved Amendment No. 273:"Page 207, line 24, at end insert—" ““(   )   It does not apply to the disclosure of information which has been— (a)   authorised by the person authorised under section 440; (b)   satisfies one or more of subsections (3) to (6) of this section; and (c)   is considered by the person authorised under section 440 to be in the...