Results 3,641-3,660 of 13,254 for speaker:Seán Sherlock

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: This amendment relates to the power of seizure. It is more of a semantic explanation. The new section will provide for an officer of the Director of Corporate Enforcement to be able to take over the statutory duties set out under sections 20(2E) and 20(2F) of the Companies Act 1990 in circumstances where the incumbent designated officer is no longer in a position to carry them out. The...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: This amendment is effectively the same. The purpose of the amendment is to include the Insolvency Service of Ireland as one of the agencies in the list of bodies that may share information with the director. The purpose of the amendment is to ensure that the Insolvency Service of Ireland has the power to share information with the Director of Corporate Enforcement that it considers relevant...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: With the permission of the Chair may I speak to amendments Nos. 11 and 13 together?

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I wish to reiterate the wording of the amendment in order that from my perspective I can stay focused on the amendment itself. Amendment No. 11 seeks to insert the following: The Recognised Accountancy Bodies remain the oversight bodies for the external quality assurance of audits until the enactment of this Act and shall retain the duties and obligations of such oversight up to and...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I neglected to respond to Senator O'Donovan's query so I shall clarify the matter. The co-operative movement is regulated by different legislation. It is intended to introduce an amendment to the industrial and providence societies legislation to provide for Circuit Court examinership where it applies to co-operatives.

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: Will the Senator allow me to revert to him on the matter?

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I thank the Senator. I wish to clarify that the Government will not be accepting the amendments proposed by Senator Barrett. We all need to restore confidence in the system. The points made by Senator Barrett are necessary and we are trying to restore confidence in accounting, auditing and oversight procedures. The legislation provides that the IAASA will have an independent oversight of...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I wish to make a comment before the Senator makes a decision to withdraw or push his amendment. In section 6, "public interest entities" are defined as having the same meaning as in Regulation 3 of 2010, SI No. 220 of 2010, which states: (a) companies or other bodies corporate governed by the law of a Member State whose transferable securities are admitted to trading on a regulated market of...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I do not propose to accept the amendment as it would not be appropriate for a party which is not privy to a legal action to be required to pay any costs in regard to that action. Cost in any court action are determined by the courts and they fall to be discharged by the parties involved in that action as determined by the court.

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I would like to give notification of the Government's intention to introduce an amendment on Report Stage. I will read out the substance of that amendment.

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: It will be a new section before section 8. It is what we call "lastminute.com". As indicated during the Second Stage debate, it is proposed to introduce, at the request of the Minister for Justice and Equality, a number of amendments to the Personal Insolvency Act 2012 and the Bankruptcy Act 1988 on Report Stage. For the convenience of Senators, I will circulate an explanation of the...

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: As a proud Munster man, we have a fairly stout record against the All Blacks but I will revert to the Senator on that.

Seanad: Companies (Miscellaneous Provisions) Bill 2013: Committee Stage (19 Nov 2013)

Seán Sherlock: I wish to clarify that we will bring forward on Report Stage a consequential amendment to the Long Title of the Bill to take account of the amendments being made to the Personal Insolvency Act 2012 and the Bankruptcy Act 1988.

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: I thank the Cathaoirleach for his invitation to address the House in regard to the recently published report of the Oireachtas Joint Committee on Agriculture, Food and the Marine entitled Report on the Grocery Goods Sector - Increasing Equity and Transparency in Producer-Processor-Retailer Relationships. The Minister, Deputy Richard Bruton, cannot be here today to contribute to the debate as...

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: Do not forget the cocoa market.

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: Milk, chocolate, wine and roses, Pink Lady chocolates - where do I start?

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: I have to declare an interest. I have tasted Senator White's chocolates and recently took receipt of two wonderful boxes of Senator Mary Ann O'Brien's chocolates-----

Seanad: Report on Grocery Goods Sector: Motion (20 Nov 2013)

Seán Sherlock: -----and they were fantastic. I will go through the issues very quickly. Regulations will be based on the draft code published by the Minster in 2011. The main issue for competition in the grocery goods sector is entry into the market. In this context, the retail planning guidelines were one of the main issues identified. That is from an earlier contribution. There is a commitment in...

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: Young people have been the group most seriously affected by the collapse of employment following Ireland’s economic crash. However, youth employment has stabilised in the past year and appears set to start growing as the economic recovery continues. Recent labour market figures published by the CSO indicate that the number of young people under 25 years of age in employment increased...

Ceisteanna - Questions - Priority Questions: Youth Unemployment Measures (27 Nov 2013)

Seán Sherlock: The youth guarantee was negotiated under the Irish Presidency. A sum of €3 billion will be provided by the European Social Fund and a new budget line of €3 billion will also be provided. We will submit our plan to the EU by the end of 2013. An interdepartmental group has been set up in this regard comprising the Departments of Social Protection, Education and Skills, Public...