Dáil debates

Tuesday, 25 March 2014

Companies Bill 2012: Report and Final Stages

 

7:45 pm

Photo of Seán SherlockSeán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 151:

In page 381, to delete lines 27 to 41, and in page 382, to delete lines 1 to 10 and substitute the following:“(6) If rules are made under section 126 of the Registration of Title Act 1964 or, as the case may be, section 48 of the Registration of Deeds and Title Act 2006—
(a) replacing a form that is referred to in subsection (4)(a)* or (b), as appropriate, the reference in that provision to the form shall be read as a reference to the form as so replaced, or

(b) amending a form that is so referred to, the reference in that provision to the form shall be read as a reference to the form as it stands so amended.".
As the Bill stands, the reference to form 112 is incorrect since the Land Registration Rules 2012 came into effect. The relevant form is now form 60. The purpose of amendment in deleting subsection (6) is to clarify that the priority of judgment mortgage is governed by the Land and Conveyancing Law Reform Act 2009. Closer inspection has shown that in order to achieve the desired result, subsections (7) and (8), both of which relate to subsection (6), also needed to be deleted.

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