House of Lords Business
Show full summary

Baroness Bowles of Berkhamsted to ask Her Majesty's Government what immediate action, if any, was taken as a result of a letter from the Financial Reporting Council (FRC) to the Department of Trade and Industry of 8 April 2005 stating that (1) the FRC regarded the law relating to capital maintenance, which includes the net assets test of section 831 of the Companies Act 2006, then the Companies Act 1985, as outmoded, and (2) following the law did not form part of the FRC's thinking in setting and approving accounting standards; and if no action was taken, why not.  HL5280

Question HL5280: tabled on 31 January 2018 and due for answer by 14 February 2018

This type of business sits within the Questions & Statements category.

This question has been answered by the relevant Government Department.

Question text

Baroness Bowles of Berkhamsted to ask Her Majesty's Government what immediate action, if any, was taken as a result of a letter from the Financial Reporting Council (FRC) to the Department of Trade and Industry of 8 April 2005 stating that (1) the FRC regarded the law relating to capital maintenance, which includes the net assets test of section 831 of the Companies Act 2006, then the Companies Act 1985, as outmoded, and (2) following the law did not form part of the FRC's thinking in setting and approving accounting standards; and if no action was taken, why not.  HL5280
Legend for business item text
† Item that is new or altered.
* Item is an oral question.
Numbers starting HL are unique identifiers for written questions, Bills or papers.

Date Answered

Monday 12 February 2018

Member's Registered Interests

There are no interests to show.

Main Member

Baroness Bowles of Berkhamsted
Liberal Democrat
Life peer