Results 5,821-5,840 of 11,114 for speaker:Damien English

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: I spoke to them and took amendments Nos. 162 and 163 together.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: Yes.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to remove incorrect references from the table of this application.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this and other amendments in the group is to clarify that a single member company of any type, whether a designated activity company, a private limited company or so on may dispense with the holding of an annual general meeting.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to remove an amendment inserted on Committee Stage. Upon close inspection, the amendment has proved to be unnecessary and potentially confusing for practitioners and others. I am satisfied the existing law relating to the acquisition of shares is essentially reflected in Part 3, section 102(1), which states that for any company, a requisite for a share...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to make provision for the restriction and exemptions for directors of public limited companies. It makes it clear that a director of a public limited company may not vote with regard to contracts or arrangements in which the director has an interest. This rule can be altered by the public limited company's constitution. In addition, the proposed amendment...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: This amendment corrects the language of a subsection in order to ensure correct interpretation. The name of any unlimited company, irrespective of the type of unlimited company, shall be governed by section 123(6) and 124(6).

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: This amendment provides the Minister, in exceptional circumstances, with the power to exempt an unlimited company from having the titled "unlimited company" in its name. The related amendments extend this power to those sections also. The requirement to have "unlimited" in name is a new administrative requirement under the Bill. As there are many companies which are long established as...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of these amendments is to change the reference to "Minister for Finance" to the "Minister for Public Expenditure and Reform" to reflect the reality that the function under the State Property Act 1954 transferred in July 2011 to the Minister for Public Expenditure and Reform under the Ministers and Secretaries (Amendment) Act 2011 and Statutory Instrument No. 418/2011 - Finance...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to be more precise about the category of the offence which is subject to summary prosecution.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to address the EU requirement in relation to Directive 2012/17/EU. Under EU law it is necessary to have a positive statement in law to the effect that information will be available as required by law and that this must be stated so that third parties can rely on the information.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: These amendments relate to the deletion from the remit of the supervisory authority of certain existing but uncommenced functions. The function concerned is what is known as a section 26 review, namely, a review of whether accounts comply with Companies Acts. The section 26 review was introduced in the 2003 Act and provided the supervisory authority with the novel power of requiring the...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to ensure that the supervisory authority may also levy designated activity companies, DACs. This was always intended. Section 917 of the Companies (Auditing and Accounting) Act 2003 refers to private companies limited by shares. As Members will be aware, a designated activity company is also a type of private company limited by shares and to omit such a...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to make provision for the supervisory authority in relation to the confidentiality of information it obtains in the exercise of its functions. It also identifies information obtained pursuant to this Bill that may be disclosed to State bodies and statutory authorities such as the Minister for Finance, the Garda Síochána, etc.. A breach of...

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: This is basically a technical amendment.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to clarify the definition of "claims and rights" in respect of any money or deposit credited to an account of a financial institution consisting of shares, bonds or debt instruments.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of this amendment is to remove the onus on the registrar to assess the nature of particulars submitted to her or him. The reality is that almost all filings are submitted to the registrar electronically and the Companies Registration Office, CRO, has no role in interpreting the details submitted in the prescribed forms.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of these amendments is to update the subsection references to ensure that section 316(2) of the 1963 Act is fully enacted.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: This is a technical amendment and its purpose is to remove an obsolete cross-reference.

Seanad: Companies Bill 2012: Report and Final Stages (30 Sep 2014)

Damien English: The purpose of these amendments is to cater for the consequences of a merger on leasehold property legally classified as chattels real or immovable property. The language of the provision has been improved in order to increase certainty with respect to the property transactions and, thus, to reduce the paperwork and costs to businesses associated with the merger.