Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael) | Oireachtas source

I move amendment No. 14:

In page 44, to delete line 21 and substitute the following:

"

Qualification of company based on size of company

Sections 280A to 280G

Amendments Nos. 14 to 18, inclusive, and 24 are all technical.

The Companies Act 2014 prohibits certain types of companies from using the small company regime. This is because the reduced reporting requirements on small companies are not appropriate to those types of companies. The types of company concerned are public companies and investment companies.

These amendments provide that public companies and investment companies continue to be ineligible for the small and micro-company regimes that this Bill introduces. While the definition of "ineligible entities" was amended at Committee Stage, it is still necessary to carry through these amendments across the rest of the Companies Act 2014.

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