Dáil debates

Friday, 24 June 2005

Investment Funds, Companies and Miscellaneous Provisions Bill 2005 [Seanad]: Report and Final Stages.

 

10:30 am

Photo of Noel TreacyNoel Treacy (Galway East, Fianna Fail)

The Bill refers to Article 2 of the Companies (Recognition of Countries) Order 1964, so there is a recognition of that order, SI 42 of 1964 which, as the Bill says, is amended by the substitution of "section 250" for "sections 250 and 367". This proposal, as contained in the Bill — obviously having come through the due process of legal advice, the Office of the Attorney General, the Office of the Parliamentary Counsel and so on — with Deputy Howlin's amendment was put back for advice to the Parliamentary Counsel who, in discussions with our team, accepted the validity of the amendment proposed but advised that the formulation as proposed in this Bill is fully satisfactory and that it was unnecessary to accept the proposed change. That is the legal advice available to us and I am obliged to be guided by it. Is dona liom, but sin é.

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