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Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 88: In page 488, line 7, to delete "the CRO Gazette" and substitute "Iris Oifigiúil ".

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 89: In page 488, lines 13, to delete "the CRO Gazette" and substitute "Iris Oifigiúil ".

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: Can we finish this section?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: The members may wish to note that some of the innovations in this Part will be provided for in the Companies (Miscellaneous Provisions) Bill 2013. I am sorry. I was going a bit too far in my reading note but some of the issues raised earlier in regard to auditing are covered by this Bill. I remind the members that the jurisdiction of the Circuit Court in regard to examinership will be...

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: To be clear, perhaps I misheard the Chairman but did he refer to sections 572 to 578, inclusive?

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: Sorry, it was my fault. I move amendment No. 90:In page 515, line 16, to delete "the CRO Gazette" and substitute "Iris Oifigiúil ".

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: The answer is "no", because the sections are unchanged from existing law.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: It should not any impact as the section is unchanged and, therefore, the existing law pertains.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 91: In page 516, lines 32 and 33, to delete "the CRO Gazette" and substitute "Iris Oifigiúil ".

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I am considering introducing an amendment to section 594 on Report Stage to remove the mandatory requirement for the secretary to sign the statement of affairs. This is as per the previous amendment.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I am considering introducing an amendment to section 607 on Report Stage to provide that an execution of a judgment mortgage shall be deemed to be completed upon the registration of the judgment mortgage.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I am considering introducing an amendment to section 618 on Report Stage to reflect the payment of stamp duty as a necessary expense to be incurred in the winding up process.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 92: In page 546, to delete lines 13 to 28 and substitute the following: “(ii) each tax assessable on, in relation to, or by the company under the Taxes Consolidation Act 1997 in respect of the period, ending on or before the relevant date, for which the tax concerned is due and payable, but limited to—(I) if there is one such tax, the amount in respect of...

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: The purpose of the amendment is to include in preferential payments a number of new taxes. It also accommodates the increasing reliance on self-assessment and tax law by changing "assessed taxes" to "assessable taxes". While this amendment makes small changes to the substance of the law it does not represent a change in policy. It simply updates the Bill where it no longer represents...

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: "Assessed" is past tense; "assessable" is future tense.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: A further amendment will be necessary, the purpose of which is to further reflect on the 12 months priority period in section 622(2)(a)(ii).

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: On that issue, I understand the Minister, Deputy Bruton, has signalled his intention to meet with the Chairman or committee members to discuss this issue further. If the Chairman and the members are agreeable we would proceed with that meeting to try to address the issue.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: It will be in the Official Report.

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 93: In page 584, line 31, to delete "one month" and substitute "30 days".

Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)

Seán Sherlock: I move amendment No. 94: In page 600, line 8, to delete "90 days" and substitute "3 months".

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