Results 3,481-3,500 of 13,254 for speaker:Seán Sherlock
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: This is a new section, the purpose of which is to give guidance on the meaning of the terms "disclosure order" and "share acquisition agreement" under this Part.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: Again, this is a new section, the purpose of which is to give the court a supplemental power in relation to share acquisition agreements where it has grounds to believe that all the information sought to be obtained by the disclosure order will not be so obtained by a person against whom the order is made and who is a party or former party to a share acquisition agreement. In such...
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 101: In page 667, line 24, to delete "the CRO Gazette" and substitute "Iris Oifigiúil".The purpose of this amendment is to replace "the CRO Gazette" as the required method of publication with "Iris Oifigiúil".
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I will seek an answer from my officials to the Deputy's question.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 102: In page 670, line 19, to delete "€350,000" and substitute "€500,000".
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: Does the Deputy's question pertain to these amendments?
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: Are we that far in the amendments?
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: The purpose of the amendment No. 102 is to increase the monetary limits in existing legislation to allow for inflation and the new limits are in accordance with the recommendations of the Company Law Review Group. With the Chairman's permission, I will explain the section now.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: The section has some changes when compared with the existing legislation. It deals with the declaration by the court restricting a director of an insolvent company in being appointed or acting as a director. The court will make the declaration restricting the director upon application from the Director of Corporate Enforcement, the liquidator of an insolvent company or a receiver of any...
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: No.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 103: In page 670, line 22, to delete “€70,000” and substitute “€100,000”.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 104: In page 670, line 37, to delete “€70,000” and substitute “€100,000”.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 105: In page 670, line 46, to delete “€70,000” and substitute “€100,000”.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: I move amendment No. 106: In page 671, line 1, to delete “€70,000” and substitute “€100,000”.
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: This is a new section which provides that a "company that has a restricted person" is one "(a) in relation to which a restricted person is appointed or acts in any way, whether directly or indirectly, as a director or secretary;" or a company "in the promotion or formation of which a restricted person is concerned or takes part".
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: This section is new and provides that "the Summary Approval Procedure" may not be utilised by "a company that has a restricted person" except in circumstances where that procedure is being used to affect a member's voluntary winding up. Furthermore, sections 241, relating to arrangements of certain value, and 246, relating to business transactions, of the Bill do not apply to a company that...
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: We are considering introducing an amendment to section 829(2) on Report Stage. The purpose of this amendment will be to make reference to "member" rather than a "subscriber of the constitution". The rationale for this is to ensure that the provision applies to a person who becomes a member some time after its incorporation.
- 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 841 on Report Stage to provide that foreign disqualification orders made before the commencement of the Bill be declared. This is a new section to deal with a situation in which a director becomes disqualified under the law of another state. In such a case, where the company fails to notify the registrar of such a situation, as required...
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: This is a new section. It is proposed that, subject to a small number of exceptions, such as fraudulent trading and market abuse, the majority of offences under the Companies Acts should be classified according to a four-tier system. As I outlined earlier, category 4 offences will be prosecutable only on a summary basis and on conviction will give rise to no more than a class A fine,...
- Select Committee on Jobs, Enterprise and Innovation: Companies Bill 2012: Committee Stage (5 Nov 2013)
Seán Sherlock: "No" is the answer.