Oireachtas Joint and Select Committees
Tuesday, 5 November 2013
Select Committee on Jobs, Enterprise and Innovation
Companies Bill 2012: Committee Stage
1:35 pm
Seán Sherlock (Cork East, Labour) | Oireachtas source
This section is new and provides that "the Summary Approval Procedure" may not be utilised by "a company that has a restricted person" except in circumstances where that procedure is being used to affect a member's voluntary winding up. Furthermore, sections 241, relating to arrangements of certain value, and 246, relating to business transactions, of the Bill do not apply to a company that has a restricted person.
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