Seán Sherlock (Cork East, Labour)
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The members may wish to note that some of the innovations in this Part will be provided for in the Companies (Miscellaneous Provisions) Bill 2013. I am sorry. I was going a bit too far in my reading note but some of the issues raised earlier in regard to auditing are covered by this Bill.

I remind the members that the jurisdiction of the Circuit Court in regard to examinership will be extended to small companies as part of section 3 of the Bill. This will create a requirement to make certain amendments to this Bill to ensure that this Bill fully consolidates what by then will be existing law. I propose to bring forward the necessary amendments on Report Stage.