Oireachtas Joint and Select Committees

Friday, 29 January 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of Companies (Corporate Enforcement Authority) Bill 2018 (Resumed): Department of Enterprise, Trade and Employment

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

Senator Crowe has raised the issue with me before. I have looked back on my notes so I can say that the Company Law Review Group published a report in October 2020. Our Department officials recognised the priority of this issue for myself and the Tánaiste published a report, just before Christmas, on potential proposals and recommendations. That is receiving further consideration and wider consultation with the various State bodies with a view, and a hope, that the Tánaiste will be in a position to bring a memorandum to Cabinet at the end of quarter 1 or early quarter 2, so a general scheme for Bills. We recognise that it is an ambitious timeframe but we also recognise the importance of the issue. It is very much a strong commitment of this Government to bring forward a proposal, probably in quarter 2 of this year.

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