Results 9,981-10,000 of 13,254 for speaker:Seán Sherlock

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

Seán Sherlock: I am considering introducing an amendment to section 110 on Report Stage to make certain that a resolution to determine the re-allotment price range in respect of treasury shares or to vary or renew such a determination has immediate effect.

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

Seán Sherlock: I am considering introducing an amendment to section 114 on Report Stage to reflect existing law by specifying that, subject to other provisions of the Bill, a body corporate cannot be a member of a company which is its holding company.

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

Seán Sherlock: I am considering introducing an amendment to section 115 on Report Stage. The purpose of the amendment is to ensure that the section cannot be construed as having extra-territorial effect.

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

Seán Sherlock: I am considering introducing an amendment to section 118 on Report Stage to remove a superfluous word and to clarify whether reserves resulting from a reduction of capital will be treated as realised profits.

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

Seán Sherlock: I move amendment No. 30: In page 162, line 44, to delete “section 76” and substitute “section 73, 74 or 76”.

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

Seán Sherlock: I am considering introducing an amendment to section 120 on Report Stage to dis-apply certain common law rules relating to capital maintenance.

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

Seán Sherlock: I am considering introducing an amendment to section 122 on Report Stage. The purpose of the amendment is to clarify better the definition of reserves by deleting the reference to "other than one contained in this Part".

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

Seán Sherlock: It is subsection (7).

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

Seán Sherlock: I am considering introducing amendments to section 124 on Report Stage to expressly cover dispositions of non-cash assets by transfer sales and to resolve whether the provisions contained in subsection (6) are surplus to requirements as section 127 amends existing law and, therefore, the subsection may be deleted.

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

Seán Sherlock: Section 127 amends existing law and therefore the subsection may be deleted. It is already covered.

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

Seán Sherlock: I move amendment No. 23: In page 116, line 33, to delete “redeemable shares” and substitute the following:"shares that are redeemable (which shall be known, and are referred to in this Act, as "redeemable shares")".

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

Seán Sherlock: I move amendment No. 24: In page 117, between lines 3 and 4, to insert the following:"(8) In subsections (9) and (10) "bearer instrument" means an instrument, in relation to shares of a company, which entitles or purports to entitle the bearer thereof to transfer the shares that are specified in the instrument by delivery of the instrument. (9) A company shall not have power to issue any...

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

Seán Sherlock: I am considering introducing an amendment to section 69(3) on Report Stage. The purpose of this amendment is to use the words "securities" instead of "debentures". Further, the purpose of this amendment is to bring the language used in the Bill in line with European Regulation 2003/71 EC.

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

Seán Sherlock: I am considering introducing amendments to section 70 on Report Stage to clarify which shareholders may participate in a pre-emptive offer, correct an error on pre-emptive offers of shares, clarify whether the holders of preference shares are excluded from pre-emption rights in the issue of new shares, ensure no loophole exists in the statutory pre-emption rights of shareholders, insert a...

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

Seán Sherlock: I move amendment No. 25: In page 122, to delete lines 5 to 15 and substitute the following:"(7) Where a company allots shares, it shall, within 30 days after the date of allotment, deliver particulars of the allotment in the prescribed form to the Registrar.".

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

Seán Sherlock: I will read out the explanation. This amendment deletes section 71(7)(b). This amendment is proposed on foot of a recommendation from the Revenue Commissioners who advised that recent developments in the direction of self-assessment make reference to adjudications by Revenue obsolete. Does that explain it?

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

Seán Sherlock: The information from my colleagues is that it is obsolete in existing law.

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

Seán Sherlock: I move amendment No. 26: In page 131, to delete line 46 and in page 132, to delete lines 1 and 2 and substitute the following:"security or otherwise to discharge the liability under, or effect that which is commonly known as a refinancing of, any arrangement or transaction that gave rise to the provision of financial assistance, being financial assistance referred to in subsection (2) that...

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

Seán Sherlock: I move amendment No. 27: In page 133, line 27, to delete “actual or imputed”.

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

Seán Sherlock: I am also considering introducing an amendment to section 83 on Report Stage to take into account transactions involving financial assistance that has taken place pursuant to existing law and to insert a reference to indirect subsidiaries.