Seanad debates

Tuesday, 17 June 2014

Companies Bill 2012: Committee Stage

 

6:20 pm

Photo of Seán SherlockSeán Sherlock (Cork East, Labour) | Oireachtas source

The purpose of these amendments is to grant the Minister powers to make regulations in regard to the non-disclosure of residential addresses on the public register kept by the registrar. In certain limited circumstances, company officers will be granted an exemption from listing their residential address on the public register. Such addresses will be kept separately by the registrar who, in turn, will be granted powers to release such addresses to relevant authorities, for example, the Revenue Commissioners and An Garda Síochána. The purpose of the amendment is to ensure competitiveness as certain company officers may be reluctant to locate in Ireland unless they are, for legitimate reasons, given an exemption in respect of publication of their residential addresses.

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