I move amendment No. 14 :—
In subsection (5), paragraph (b) to delete " 3 " and substitute " 6 ".
Again, this is the same as the previous amendment, changing the penalty from one of three months to one of six months to conform to what is in other parts of the Bill.
I move amendment No. 15 :—
Before subsection (2) to insert a new subsection as follows:
"() Where an allotment is avoided under this section the company shall within one month thereafter deliver to the registrar of companies for registration a notice to that effect, and subsections (3) and (4) of section 58 shall apply in relation to this subsection as they apply in relation to that section."
This is in the brief circulated to members. You will see that this amendment was suggested by the Registrar. Its object is to ensure that the records maintained by the Companies Registration Office will be up to date.
I move amendment No. 16 :—
In subsection (2), page 45, line 34, to delete " sections " and substitute "sections 53 and 54".
This is a drafting amendment to provide for the change in the numbering of the subsections before this.
