The Government intends very shortly to bring forward amendments which will introduce clauses to the Bill restating further provisions of the 1985 and 1989 Acts. Drafts are available to download below, including a table of derivations and destinations to help show how the clauses relate to the existing law.  (The asterisks in the tables of derivations refers to provisions where there are changes to bring them into line with the Bill's approach in some way).

There will then be an opportunity to review the drafting of the clauses over the summer, and the Government will, in particular, seek views from the Law Societies and others. If, in the light of that consideration, it becomes clear that any unintended changes to the law have been made as part of the restatement exercise, these could be corrected through amendments brought forward at Report stage. 

While any immediate reactions to the clauses would of course be welcomed, considered views on the drafting are invited by Friday 8 September, to companylawreform@dti.gsi.gov.uk using the phrase "Comments on the draft restatement clauses" in the subject box of the email and also in the heading of any attachments.  

Derivation of Provisions of draft (hard refs)   (60Kb)

Chapter 19: Acquisition by Limited Company of its own shares   (353Kb)

Part 13A: Takeovers   (160Kb)

Part 18 A Company's share capital   (466Kb)

Draft Clauses Valuation   (82Kb)

Part 22 Derivations   (54Kb)

Part 20 Derivations   (43Kb)

Part 20 Draft Clauses (Debentures)   (108Kb)

Derivation of Provision of draft   (57Kb)

Part 22 Draft Clauses Certification and transfer of Securities   (138Kb)

Part 27 Arrangements & Reconstructions: derivation of provisions of draft   (48Kb)

Part 27 Arrangements & Reconstructions   (102Kb)

Part 29: Protection of members against unfair prejudice   (75Kb)

Part 29 Unfair Prejudice: derivation of provisions of draft   (41Kb)

Part 24 Distributions: derivation of provisions of draft   (49Kb)

Part 24 Distributions   (167Kb)

Part 30 Derivations   (49Kb)

part 30: Dissolution and restoration to the register   (210Kb)