Results 10,001-10,020 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 84 on Report Stage for clarification purposes.

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 85 on Report Stage 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. 28: In page 142, line 14, to delete "actual".

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

Seán Sherlock: Again, I am considering introducing an amendment to section 92 on Report Stage to clarify that companies may lawfully transfer or dispose of assets and-or undertakings, or parts thereof, where the reorganisation of company capital is not the purpose of the transaction.

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

Seán Sherlock: I move amendment No. 16: In page 104, to delete lines 19 to 25 and substitute the following:"(b) if the company has not given notice to the Registrar of the situation of its registered office, by delivering it to the Registrar.".

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

Seán Sherlock: I move amendment No. 17: In page 104, between lines 31 and 32, to insert the following:"(3) It shall be the duty of the Registrar to enter on the register a document that has, by the means referred to in subsection (1)(b), been served on a company.".

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

Seán Sherlock: I move amendment No. 18: In page 105, line 36, after "articles" to insert "and subject to subsection (3) of that section".

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 59 in order to clarify whether Parts 1 to 15, inclusive, of the Bill apply to an existing company upon delivery of its constitution or following the registration of the constitution by the registrar.

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

Seán Sherlock: They have not been devised in the past few days. The sheer volume of amendments meant there were certain pressures in regard to the drafting of the Bill. I have given some latitude to the drafters in terms of the pressures they faced. I hope members, likewise, will make allowances for that and engage with the proposals on Report Stage.

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

Seán Sherlock: The objective here is to consolidate an item of legislation that is the size of a telephone book.

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

Seán Sherlock: I do not accept that there is any sense of pulling anything out of the hat in terms of the substance of the legislation. Section 59 is effectively a new section which stipulates that during the transition period, the law applicable to an existing private company limited by shares will be contained in Part 16. There is still some work to be done on that. I ask members for some latitude in...

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

Seán Sherlock: To clarify, there is no intention to make substantive changes to the law itself in terms of its qualitative aspect. However, there has been some engagement since Second Stage with practitioners, in the light of which several amendments will be introduced on Report Stage. The word "technical" is not quite correct, but their purpose will essentially be to make the law more efficient in the...

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

Seán Sherlock: I move amendment No. 19: In page 108, line 24, to delete "regulations." and substitute the following:"regulations; for the avoidance of doubt, the requirements of sections 19 and 26(1) relating to a company’s name shall apply despite any exemption of the kind referred to in section 62(3) that had been enjoyed by the company under the prior Companies Acts.".

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

Seán Sherlock: I move amendment No. 20: In page 109, to delete line 19 and substitute the following:"(b) the provisions of its existing articles,but, despite any exemption of the kind referred to in section 62(3) that had been enjoyed by the company under the prior Companies Acts, nothing in this subsection shall be read as overriding the requirements of sections 19 and 26(1) relating to a company’s...

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

Seán Sherlock: I move amendment No. 21: In page 110, between lines 25 and 26, to insert the following: "(3) Notwithstanding—(a) section 24, as originally enacted, of the Act of 1963; or (b) section 24, inserted in the Act of 1963 by section 88(1) of the Company Law Enforcement Act 2001, in place of the first-mentioned section,and the continuing effect, for certain other types of company, provided...

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

Seán Sherlock: I move amendment No. 22: In page 112, line 17, after "shall" to insert the following:", unless this Act provides that on re-registration the company shall continue to enjoy an exemption conferred by or under either of the sections referred to in section 62(3),".The amendment proposes, unless the Bill otherwise prohibits, to allow an existing private company which re-registers as a designated...

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

Seán Sherlock: I am considering introducing amendments to Part 3 on Report Stage to harmonise advertising requirements for notifying creditors of a proposed reduction in capital and to ensure the requirement to advertise in one daily newspaper only is consistently applied within the provisions of the Bill. In regard to section 65, I am considering Report Stage amendments to insert a cross-reference to...

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

Seán Sherlock: I do not have that information to hand and I am not in a position to answer that question but I am happy to try to facilitate the Deputy. If he tables a parliamentary question to the Minister for Finance, I am sure that information would be forthcoming.

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

Seán Sherlock: I move amendment No. 8: In page 89, line 11, after "company" to insert "or be authenticated in the manner referred to in section 889".

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

Seán Sherlock: It refers to the statement to be delivered with the constitution. The amendment will provide for certain uses of electronic seals.