Dáil debates

Wednesday, 10 December 2014

Companies Bill 2012: From the Seanad

 

3:55 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

A Cheann Comhairle, before we begin today's proceedings, I would be obliged if in accordance with Standing Order 140, you would direct the Clerk to make the following minor drafting corrections to the text of the Bill. These are being done in the interests of textual clarity and correction of cross-references and do not affect any substantive amendments. They are as follows.

Section 567 contains a table which sets outs section numbers and subject matter to which that section applies. There is a discrepancy between the subject matter and the section number at page 489, line 21. Section 672 currently has the subject matter "Order for payment or delivery of property against person examined under section 660". The verbal correction will update the section reference to read, "Order for payment or delivery of property against person examined under section 671".

Section 902(2)(e) refers to section 945(1)(b). This verbal correction will change it to read 945(1)(a). Section 945(1)(a) provides for the prescribing of designated bodies for the purposes of section 902 and 907. Section 945(1)(b) provides for a body referred to in section 902(2) ceasing to be a designated body. Therefore the correct reference here ought to be section 945(1)(a).

In section 999(4)(b) the reference to "subsections (2)(a)and (3)" needs to be changed to "subsections (2)(b)and (3)" to ensure the cross-reference correctly refers to a DAC limited by guarantee.

Section 1085 is amending section 121 for the purposes of applying the provisions of section 121 to plcs, public limited companies. Subsection (7) of section 1085 amends the text of section 121(6). Section 121(6) was amended by the insertion of the word "entity" by an amendment on Report Stage in the Dáil. However, the reference at section 1085 still refers to the original language of section 121(6). Therefore the correction will insert the word "entity" immediately preceding "financial statements".

In the Seanad, subsection (4) was deleted in section 1110(7), which will cause it to contain a blank cross-reference unless it is verbally corrected. Therefore it must be changed to read "subsections (4) and (5)" instead of "(4) to (6)".

Section 1359(4) contains a reference to subsection (1). This is incorrect and this verbal correction will change it to subsection (2).

Comments

No comments

Log in or join to post a public comment.