Seán Sherlock (Cork East, Labour) | Oireachtas source

The section is partly new and derives from a wide range of statutory provisions, including section 376 of the Companies Act 1963 and section 13(1) and 13(2) of the Companies (Amendment) Act 1982 and various statutory instruments. Provisions in secondary legislation relating to thoroughbred horse breeding and providers of investment in loan finance have been brought into primary legislation. I do not know if the Senator refers specifically to that industry. Provision is made for the Minister to make further exceptions to the 20-partner limit by order in consultation with the Company Law Review Group, CLRG. Exceptions are made in respect of limited partnerships and investment limited partnerships. I am not sure if that fully addresses the point and perhaps I am missing a trick in terms of the Senator's argument.