Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 84:

In page 245, between lines 37 and 38, to insert the following:“(7) No approval is required to be given under this section by any body corporate unless it is a company formed and registered under this Act, an existing company or a wholly owned subsidiary of a body corporate.”.

The purpose of this amendment is to correct an omission. The amendment provides that no approval is required to be given under this section by any body corporate, unless it is a company formed and registered under this Act, an existing company or a wholly owned subsidiary of body corporate. As the Bill stands, subsection (6) of section 28 of the Companies Act 1990 has not been included and the amendment rectifies the position.

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