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

I move amendment No. 29:

In page 59, lines 12 and 13, to delete all words from and including "Section" in line 12 down to and including line 13 and substitute the following:"Section 633 of the Principal Act is amended—

(a) by the substitution of the following subsection for subsection (4):".

Amendments Nos. 29 and 30 are technical amendments and make further changes to section 633 of the Companies Act 2014.

The purpose of these amendments is to extend the period for a person to apply to the Irish Auditing and Accounting Supervisory Authority, IAASA, for authorisation as a liquidator from two years after the commencement of the Companies Act 2014 to 30 months after its commencement. As a result, the application period will run to the end of November 2017.

This extension is necessary as IAASA has only got the powers to prescribe the application forms and fees in this Bill and authorisation cannot begin before this Bill is enacted.

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