Results 9,101-9,120 of 13,254 for speaker:Seán Sherlock

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: The purpose of these amendments is to ensure consistency with the model constitutions. For example, the model constitution of Schedule 1 contains a clause to the effect that the liability of its members is limited and the amendment ensures that both the section and Schedule 1 are uniform. The other amendments grouped under this section aim to achieve the same result with regard to the...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: The purpose of this amendment is to provide an exception from the prohibition that neither a body that is not a company nor an individual shall carry on any trade, profession or business under a name which includes as its last part the word "limited" or the words "company limited by shares" for industrial and provident societies, as initiated. Only volume 1 companies are permitted to end...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: The section is partly new and derives from a wide range of statutory provisions, including section 376 of the Companies Act 1963 and section 13(1) and 13(2) of the Companies (Amendment) Act 1982 and various statutory instruments. Provisions in secondary legislation relating to thoroughbred horse breeding and providers of investment in loan finance have been brought into primary legislation....

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: It is existing law and as the Minister has the power to change it for individual cases, flexibility is built in.

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: Forgive me for setting the debate back.

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: We are on the right side of it.

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: The purpose of the amendment is to incorporate the Companies (Miscellaneous Provisions) Act 2013 in the definition of prior Companies Acts in the Bill. All provisions of this Act will be carried over into the Companies Bill 2012.

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: I am considering introducing an amendment to section 5 on Report Stage to reference any provision of a former enactment in subsection (3), and the purpose would be to further clarify the section rather than make any substantive change.

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: For the record of this House, we note the concerns expressed by accountancy bodies. The Minister for Jobs, Enterprise and Innovation, Deputy Bruton, has agreed to undertake an assessment of the issues by consulting with key stakeholders such as the professional bodies mentioned by Senator Quinn, consumer representatives, small business representatives, regulators, the Revenue Commissioners,...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: I will take the sections together. I have previously advocated the view that it is within the remit of the accountancy profession to engage in an awareness campaign informing the public of the advantages of engaging the services of only fully qualified and properly regulated accountants. Similar public awareness campaigns have been run, for instance, in relation to electrical contractors,...

Seanad: Companies Bill 2012: Committee Stage (17 Jun 2014)

Seán Sherlock: I do not support the amendment. The primary objective of the Companies Bill is to be business-friendly and to reduce red tape or unnecessary regulation where possible. Supporting this amendment would result in the introduction of an onerous regulation which would disproportionately affect business and will fail to adequately address the cardinal problem which the accountancy bodies allude...

Seanad: Adjournment Matters: Overseas Development Aid (10 Jun 2014)

Seán Sherlock: I thank the Senator for raising the issue. We use many acronyms in this business, and I should state the ICPD is the International Conference on Population and Development. I acknowledge this year is the 20th anniversary of the ICPD, which itself marked an important new consensus recognising that increasing social, economic and political equality, including sexual and reproductive health...

Seanad: Adjournment Matters: Garda Recruitment (10 Jun 2014)

Seán Sherlock: I thank the Senator for raising the issue. Again, I am responding on behalf of the Minister for Justice and Equality. In terms of the current recruitment competition, any member of the Garda Reserve was entitled to apply for a position for the full-time service, provided they met the statutory requirements. I can advise Senators that, furthermore, the admission and appointment regulations...

Seanad: Adjournment Matters: Overseas Development Aid (10 Jun 2014)

Seán Sherlock: I thank the Senator for his good wishes and extend my own good wishes to him and his betrothed on their impending nuptials and wish them the best of luck in their future. I am responding on behalf of the Minister of State at the Department of Foreign Affairs and Trade, Deputy Joe Costello. I thank the Senator for raising the issue. We must acknowledge the work and support of the all-party...

Seanad: Adjournment Matters: Road Traffic Offences (10 Jun 2014)

Seán Sherlock: I thank the Senator for raising this matter on the Adjournment. I am responding on behalf of the Minister for Justice and Equality. When a relevant offence is detected, the registered owner of the vehicle involved receives a fixed charge notice. I know that is stating the obvious but I wish to set out the process. The address to which the fixed charge notice is posted to is either the one...

Seanad: Companies Bill 2012: Second Stage (10 Jun 2014)

Seán Sherlock: Senator Cullinane is concerned that the full rights, powers and privileges of a company under section 38 of the Bill will confer human rights on companies to the detriment of workers. That is wonderfully rhetorical, if I may be so bold as to say so. The full and unlimited capacity referred to in section 38 has been included because under existing law a company has no capacity to carry on...

Seanad: Companies Bill 2012: Second Stage (10 Jun 2014)

Seán Sherlock: I thank Members for the very precise nature of the points raised in their brief contributions. I will endeavour to answer all the points but if I do not do so tonight, I hope they will indulge me to respond to them on Committee Stage when I will have comprehensive answers. I thank the Senators for their valuable contributions to the debate on the Companies Bill 2012. I welcome the general...

Seanad: Companies Bill 2012: Second Stage (10 Jun 2014)

Seán Sherlock: I have to catch a flight at 7 a.m. as well, so I thank the Senator for his indulgence.

Seanad: Companies Bill 2012: Second Stage (10 Jun 2014)

Seán Sherlock: Senators heard it here first. The primary defining feature of a DAC will be the continued existence of an objects clause in the constitution of the company. It is envisaged that entities which would welcome the DAC include special purpose companies, for example, those incorporated for joint ventures or for use in a financing transaction. However, the Bill does not restrict the availability...

Seanad: Companies Bill 2012: Second Stage (10 Jun 2014)

Seán Sherlock: My speech, along with the information pack containing supplementary documentation, has been circulated. I am pleased to bring the Companies Bill 2012 before the Seanad today. The Bill as presented represents a landmark legislative project, which is the result of many years of detailed and comprehensive work by officials in the Department of Jobs, Enterprise and Innovation, the Company Law...