Oireachtas Joint and Select Committees

Tuesday, 5 November 2013

Select Committee on Jobs, Enterprise and Innovation

Companies Bill 2012: Committee Stage

10:20 am

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

I do not accept that there is any sense of pulling anything out of the hat in terms of the substance of the legislation. Section 59 is effectively a new section which stipulates that during the transition period, the law applicable to an existing private company limited by shares will be contained in Part 16. There is still some work to be done on that. I ask members for some latitude in terms of the sheer volume of the legislation. I am proceeding in accordance with the protocol that we notify the committee of our intent to introduce amendments on Report Stage. There is no attempt to pull anything out of the hat at the last minute in terms of the entirety of the procedure. However, there are issues that will arise between now and Report Stage.

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