Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I move amendment No. 182:

In page 630, between lines 4 and 5, to insert the following:“798. The Minister shall, within three months of the enactment of this Act, publish a report on the adequacy of the resources available to—

(a) the Companies Registration Office, and

(b) the Office of the Director of Corporate Enforcement,

and such report shall detail the areas in which resources need to be increased in order to allow both agencies to adequately deal with each agency’s area of responsibility.”.

This is an enormous piece of legislation which will bring huge changes to the way in which companies are run. On several occasions we have expressed a concern over whether the Companies Registration Office and the Office of the Director of Corporate Enforcement will be adequately resourced to enforce this legislation and, more important, to run an information campaign on the legislation. This book is only a part of it. A huge amount of work has gone into it, placing major new responsibilities on people. I believe it is necessary to insert in the legislation that a report will be published on the adequacy of the resources in order we can be sure the Act is being pursued, information is being provided and resources are available to both offices to do so.

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