Seanad debates
Tuesday, 17 June 2014
Companies Bill 2012: Committee Stage
6:10 pm
Seán Sherlock (Cork East, Labour) | Oireachtas source
The purpose of amendments Nos. 26 and 27 is to include all revaluation reserves in the definition of "relevant sum". This is consistent with EU directives which provide that revaluation reserves may be capitalised. The purpose is to correct an inconsistency in the Bill.
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