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

Dara Calleary: What is the difference between "assessed" and "assessable"?

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

Dara Calleary: I am with Deputy Lawlor-----

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

Dara Calleary: Section 634 raises a broader issue on which I will take the Chairman's guidance. The Minister speaks of prescribed accountancy bodies yet there is no section in the legislation that gives protection to those same accountants in terms of the use of that title. I have been trying to find out where we could bring it up but this is a good start. I will take the Chairman's direction if it...

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

Dara Calleary: There is no natural home for it but prescribed accountancy bodies in terms of qualifications is referenced throughout the Bill and we need to discuss the notion. The Chairman may want to keep to the sequence in which we are dealing with the Bill but I want to flag it as a major concern.

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

Dara Calleary: If we have not had that meeting before Report Stage we will have to come up with something to reflect the concern of everybody in terms of amendments.

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

Dara Calleary: Yes.

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

Dara Calleary: What is the reason for increasing the period from three to six years?

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

Dara Calleary: All right.

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

Dara Calleary: Fair enough.

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

Dara Calleary: What is the current time limit?

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

Dara Calleary: Why extend the time limit? Six months is a long time to wait for the Revenue Commissioners to take a view of a company.

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

Dara Calleary: All right, a reduction in time.

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

Dara Calleary: All right.

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

Dara Calleary: Is it six months at the moment?

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

Dara Calleary: All right.

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

Dara Calleary: It seems to be a departmental concern.

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

Dara Calleary: It is political.

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

Dara Calleary: Has either the Department or the Company Law Review Group examined the possibility of the District Court taking applications to restore a company? Use of the Circuit Court is, by its very nature, not a regular occurrence. The District Court might be a more immediate remedy, particularly from a cost point of view.

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

Dara Calleary: Absolutely.

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

Dara Calleary: This range touches on a matter that has been particularly relevant in recent years. Will there be new legislative initiatives on share dealings and inspectors' reports in this session?

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