Oireachtas Joint and Select Committees

Tuesday, 5 November 2013

Select Committee on Jobs, Enterprise and Innovation

Companies Bill 2012: Committee Stage

11:35 am

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

Such documents are already in circulation and are available free from the Office of the Director of Corporate Enforcement's website. The Companies Registration Office already sends these documents to directors of newly formed companies. However, because most companies are formed by company formation's businesses, the documents generally do not get to the directors at all.

More important in this respect is that people applying to be registered as directors must acknowledge that they understand and accept their responsibilities as directors when completing form A1 or form B10, that is to say, before they receive the paper copy. Therefore, I am not in favour of adopting this amendment. However, even though this is not a matter for primary legislation, I acknowledge that the idea is a good one. For this reason, I will consider introducing a live link to the relevant ODCE documents so that directors can read and understand their duties online before completing the electronic form when it becomes available.

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