Seanad debates
Tuesday, 17 June 2014
Companies Bill 2012: Committee Stage
5:50 pm
Ivana Bacik (Independent) | Oireachtas source
Section 38 is innovative in that it does away with the need for the objects clause. That is a hugely important and significant step in reducing paperwork and red tape for the small companies referred to by the Minister of State. The purpose of this provision is to do away with that need and provide capacity for companies not to be hidebound by specific objects and an objects clause.
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