Results 5,841-5,860 of 11,114 for speaker:Damien English

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

Damien English: This is a technical amendment to assist with interpretation.

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

Damien English: The purpose of these amendments is to preserve the existing factors concerning strike-offs that have been initiated by the Revenue Commissioners. If Revenue has given the registrar notice under section 882(3) of the Taxes Consolidation Act 1997, the registrar is bound pursuant to section 726(b) of this Bill to effect involuntary strike-off of the company from the register. For the registrar...

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

Damien English: What amendment is Senator Cullinane speaking to?

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

Damien English: The purpose of the amendment is to clarify that electronic means may be used to deposit the instrument of proxy. The current wording might suggest that "deposited" means physically left at and not sent by electronic means, which would be contrary to the spirit of the Bill which aims, where possible, to reduce administrative burdens on companies by availing of methods to simplify matters.

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

Damien English: The purpose of the amendments is to clarify that subsection (6) applies but that the Minister may, as he or she considers appropriate, regulate in this matter.

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

Damien English: The purpose of these amendments is to highlight that certain fiduciary duties of directors derive from statute and that such duties are not subject to the same rules and principles as common law provisions would be.

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

Damien English: The purpose of these amendments is to ensure a company may exercise its right regarding a director's power to exercise independent judgment by general resolution.

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

Damien English: The purpose of these amendments is to strengthen the law governing the existing offence of officer in default. The amendment clarifies that a company officer may have a legitimate defence to a committed default.

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

Damien English: The purpose of the amendment is to provide for a more precise definition of "net assets", which is to be used in determining whether a company has not maintained adequate accounting records in accordance with the Bill.

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

Damien English: The purpose of the amendment is to ensure the Courts Service has greater flexibility in listing the court in a given district. The existing reference is too limited in scope and could cause undue delay as to when a court hearing would be set as some District Court areas only sit once a month.

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

Damien English: I wish to correct the record as I made a slight error when discussing amendment No. 33. In case there is confusion, the purpose of amendments Nos. 33 and 34 is to remove the incorrect reference to a company not having elected to prepare IFRS group financial statements.

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

Damien English: I have.

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

Damien English: Amendment No. 38-----

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

Damien English: The purpose of these amendments is to ensure the audit exemption criteria are in line with article 52 of Directive 2013/34/EU which must be transposed into national law by July 2015. The aim of the directive is to simplify the accounting requirements for small companies and improve the clarity and comparability of companies financial statements in the European Union. The new directive takes...

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

Damien English: The purpose of this amendment is to make this provision permissive rather than mandatory for companies. The advantage of this amendment is that a company can choose to grant unlimited authority to a person to act on behalf of the company and, if they do so, they will notify the Companies Registration Office. There was concern that making it mandatory would create unnecessary additional...

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

Damien English: The purpose of these two amendments is to bring this section in line with the Powers of Attorney Act 1996 and the Land and Conveyancing Law Reform Act 2009. The use of a seal is no longer necessary to empower a person to execute deeds or other matters on behalf of a company.

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

Damien English: The purpose of this amendment is to clarify the manner in which this section, which clarifies that the law applicable during the transition period for a private company limited by shares is the law governing designated activity companies, applies to semi-State companies and other companies formed pursuant to a statute.

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

Damien English: This group of amendments provide for the procedure for re-registration of an existing private semi-State company as a designated activity company. The purpose of these amendments is to ensure clarity in relation to existing semi-State companies. It is possible that the private company limited by shares model may not be an appropriate fit for existing semi-State companies. The legislation...

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

Damien English: It might send shockwaves to the Bill if we tried to change it for this purpose. It is an issue I will bear in mind and will raise it with my colleagues in the Department.

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

Damien English: These are technical amendments that purport to correct the language used in a section or to insert missing words. The purpose of all the amendments in this group is to aid with interpretation and understanding.