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Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 130:In page 306, line 36, to delete “licensed bank” and substitute “credit institution”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 131:In page 306, line 42, and in page 307, line 1, to delete “licensed bank” and substitute “credit institution”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 132:In page 307, line 1, to delete “bank” where it secondly occurs and substitute “institution”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 133:In page 307, line 6, to delete “bank” and substitute “institution”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 134:In page 313, to delete lines 14 to 19 and substitute the following:“(a) shall be shown in the company’s entity financial statements as a deduction from the company’s capital and reserves (and the profits available for distribution shall accordingly be restricted by the amount of such deduction); and (b) shall be shown in the company’s...

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 135:In page 313, to delete lines 20 to 26 and substitute the following:“(2) Where a company, or a nominee of the company, holds shares in its holding undertaking or an interest in such shares, the profits of the company available for distribution shall be restricted by the amount of the consideration paid for such shares or interest.”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 136:In page 325, line 19, to delete “subsections (3) to (6)” and substitute “subsections (3) to (5)”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 137:In page 334, line 18, to delete “shall appear in typeset, and not written, form” and substitute “, and any date or dates thereon, shall appear in typeset form”.The purpose of these amendments is to consolidate sections 3 and 4 of the Companies (Miscellaneous Provisions) Act 2013 into this Bill. Sections 3 and 4 provide for the electronic...

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 138:In page 334, line 25, after “signature” to insert “or of a date”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 139:In page 336, line 11, to delete “shall appear in typeset, and not written, form” and substitute “, and any date or dates thereon, shall appear in typeset form”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 140:In page 336, line 18, after “signature” to insert “or of a date”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 141:In page 337, line 23, to delete “(6)(c)” and substitute “(6)(a)”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 142:In page 338, line 32, to delete “shall appear in typeset, and not written, form” and substitute “, and any date or dates thereon, shall appear in typeset form”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 143:In page 338, line 39, after “signature” to insert “or of a date”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 144:In page 342, line 1, after “Registrar” to insert “a copy of”.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 145:In page 342, lines 20 and 21, to delete all words from and including “The” in line 20 down to and including “signing;” in line 21 and substitute the following:“With respect to the statutory auditors’ special report referred to in subsection (1) (a copy (as that expression is to be read in accordance with section 353(5)) of...

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 146:In page 345, lines 16 to 18, to delete all words from and including “(1) A” in line 16 down to and including “company.” in line 18.The purpose of the amendment is to ensure this exemption which aims to provide small indigenous Irish companies with audit exemptions is not inadvertently given to a small Irish parent company with substantial...

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 147:In page 348, line 25, after “undertakings” to insert “(but this paragraph is subject to subsection (6))”.The purpose of this amendment is to make provision for the fact that foreign subsidiaries in a group do not have to file annual returns in the CRO. This amendment is linked with the amendment to section 360.

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 148:In page 349, between lines 16 and 17, to insert the following:“(6) There shall not be reckoned as a subsidiary undertaking for the purposes of this section (other than for the purposes of the expression “subsidiary undertakings” in subsection (2)) an undertaking that is not a company registered under this Act or an existing company and the...

Companies Bill 2012: Report and Final Stages (25 Mar 2014)

Seán Sherlock: I move amendment No. 149:In page 378, between lines 10 and 11, to insert the following:“(2) For the avoidance of doubt, in the case of a mortgage or charge created over both—(a) an interest in anything specified in any of paragraphs (a) to (d) of subsection (1); and (b) any property, assets or undertaking not falling within any of those paragraphs, the mortgage or charge shall,...

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