If the committee were to decide to take these two sections out.... First of all, you are right in saying that they make up a large part of the act. However, they are self-contained, and small corporations that would be using this act would never use them. They'd just skip by them. For example, in the Canada Business Corporations Act, the same provisions exist. There are thousands and thousands of small businesses--dépanneurs, dry cleaners--that use the Canada Business Corporations Act, and these provisions don't create a problem for them as they use the act either.
From a technical point of view, if we were to remove parts 6 and 7 as a piece, we would also have to remove all the other references to debt obligations that are scattered throughout the act.