Oireachtas Joint and Select Committees

Tuesday, 19 February 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018: Discussion

Photo of Kevin HumphreysKevin Humphreys (Labour) | Oireachtas source

I have two questions. Mr. Drennan just answered one comprehensively so I will not repeat it. Page 1 of the opening statement refers to vindicating the rights of members of a property management company. I understand that statement but I am involved in assisting several management companies and some very brave directors who stepped in on a voluntary basis to try to sort out the mess of what a management company is, especially in this city. I am not sure what it is like outside Dublin but most management companies we have tried to resolve issues in respect of are a mess. Some were never even registered with the Companies Registration Office by the developer. I am dealing with one where the developer has been gone for 12 years and we have now discovered that the management company was never registered. There have been no returned accounts for 12 years and brave individuals in the apartment block are trying to resolve it. Those are the individuals it falls on and there are significant costs in trying to resolve those messes across the city. We have to re-register them as companies.

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