Skip to main content

Restrictions On And Sale Of Shares

Volume 115: debated on Thursday 7 May 1987

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Lords amendment: No. 5, in page 20, leave out lines 10 and 11.

I beg to move, That this House doth agree with the Lords in the said amendment.

The amendments are designed to ensure that copies of notices of restriction made under clause 26 are sent to all those affected by the notice, which may include a number of people acting as associates. Earlier drafts of the Bill did riot adequately deal with such cases and the amendments are designed to meet that question.

Question put and agreed to.

Lords amendment: No. 6, in page 20, line 16, at end insert

"in a case where the notice of objection was served under section 22 or 24 above".

I beg to move, That this House doth agree with the Lords in the said amendment.

This is a technical and drafting amendment and represents a correction consequential on the introduction in this House of clause 23. The decision to object on grounds of reciprocity is a matter for the Government and is not subject to appeal to the tribunal constituted under the Bill. The existing reference to allowing time for an appeal in clause 26(4) does not, therefore, apply to action under clause 23.

Question put and agreed to.

Lords amendment No. 7 agreed to.