Oireachtas Joint and Select Committees
Tuesday, 5 November 2013
Select Committee on Jobs, Enterprise and Innovation
Companies Bill 2012: Committee Stage
1:15 pm
Seán Sherlock (Cork East, Labour)
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Effectively, Part 13 substantially re-enacts without any significant amendment the law regarding the appointment of inspectors to companies and seeks to codify all of the law relating to the investigation of companies. Therefore, the principal changes are the updating of definitions and terminology, facilitating access to the investigation procedure for small and medium-sized enterprises, SMEs, facilitating the work of the Office of the Director of Corporate Enforcement, ODCE, by empowering the court to make orders in respect of a variety of matters under the Part and, importantly, removing administrative burdens. In that sense, the answer to the Deputy's question is "Yes".