Results 10,561-10,580 of 11,979 for speaker:Billy Kelleher

Banking Crisis: Motion (Resumed) (20 Jan 2010)

Billy Kelleher: Allegations are being made.

Banking Crisis: Motion (Resumed) (20 Jan 2010)

Billy Kelleher: The Deputy is making allegations. Talk about independent views in the Oireachtas.

Banking Crisis: Motion (Resumed) (20 Jan 2010)

Billy Kelleher: I heard them where I am sitting.

Banking Crisis: Motion (Resumed) (20 Jan 2010)

Billy Kelleher: Deputy Gilmore would come to an inquiry with preconceived views, as would his whole party.

Banking Crisis: Motion (Resumed) (20 Jan 2010)

Billy Kelleher: We will be blamed for Lehman's next.

Seanad: Companies (Miscellaneous Provisions) Bill 2009 [Seanad Bill Amended by the Dáil]: Report and Final Stages (18 Dec 2009)

Billy Kelleher: I am very pleased to be returning to this House with the Companies (Miscellaneous Provisions) Bill, as amended by the Dáil. The Dáil amendments to this Bill are grouped into three thematic areas. Of the nine amendments made by the Dáil, six arise from the introduction of a new mechanism introduced to meet a recently identified business opportunity. This mechanism will allow collective...

Seanad: Companies (Miscellaneous Provisions) Bill 2009 [Seanad Bill Amended by the Dáil]: Report and Final Stages (18 Dec 2009)

Billy Kelleher: I thank Senators for their support of these amendments. In answer to Senators John Paul Phelan, Feargal Quinn, Brendan Ryan and Ivor Callely, international reputation is critical. There has been financial turmoil in the international markets for some time and some countries have suffered reputational damage. I say this everywhere I go and particularly in the Houses of the Oireachtas when...

Seanad: Companies (Miscellaneous Provisions) Bill 2009 [Seanad Bill Amended by the Dáil]: Report and Final Stages (18 Dec 2009)

Billy Kelleher: The second area where amendments were made in the Dáil is for convenience referred to as the US GAAP part of the Bill. Two related amendments to this proposal were made on Committee Stage in the Dáil. These are contained in amendments Nos. 3 and 4 and refer to sections 1(3) and 2(2),respectively. Section 1 provides for the use of US GAAP by relevant parent undertakings while section 2...

Seanad: Companies (Miscellaneous Provisions) Bill 2009 [Seanad Bill Amended by the Dáil]: Report and Final Stages (18 Dec 2009)

Billy Kelleher: The final area where amendments were made by the Dáil related to the recognition for certain purposes of stock exchanges outside the State. Amendment No. 5 provides for the amendment of section 226A of the Companies Act 1990 which is being inserted by paragraph (g) of section 3 of this Bill. Section 226A outlines the information that is required to be published on the company website...

Seanad: Companies (Miscellaneous Provisions) Bill 2009 [Seanad Bill Amended by the Dáil]: Report and Final Stages (18 Dec 2009)

Billy Kelleher: I wish the Leas-Chathaoirleach a happy Christmas. I thank the Senators for their co-operation on the passage of this Bill. This debate and the debate on earlier Stages here and in the Dáil were positive. I am delighted there is broad consensual support for the Bill. It sends out a message of Ireland's standing in this respect, namely, that there were no divisions in the House in the...

Written Answers — County Enterprise Boards: County Enterprise Boards (17 Dec 2009)

Billy Kelleher: As enterprise support agencies the interaction of the County Enterprise Boards (CEBs) with their local Community is generally confined to matters of delivering financial and non-financial supports to eligible local enterprises in the micro-enterprise sector and to the promotion of entrepreneurial activities. It was in the context of this remit that I recently asked the CEBs to collect...

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: I move amendment No. 2: In page 6, lines 27 to 31, to delete all words from and including "information" in line 27, down to and including "purchased;" in line 31 and substitute the following: "information for total purchases on the recognised stock market concerned on each such day: (a) the date, in the place outside the State where the recognised stock market concerned is located, of the...

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: On a point of clarification, this amendment does not refer to the migration of funds but merely deals with the publication of the purchase of shares on company websites.

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: That is correct.

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: I thank the Deputy. The purpose of this measure is to introduce a simplified approach to companies that purchase their own shares. That is not an unusual practice for companies. If they have surplus cash amounts they would sometimes purchase their own shares.

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: Under this legislation it will have to publish the lowest price, the highest price and the date of purchase as well. To be honest with the Deputy, I do not believe it is for that purpose. We should keep the debate focused on the primary purpose of the Bill. We welcome Deputy Penrose's comments in that regard. The measure is to make it administratively simple but, more importantly, that...

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: -----and clearly understand it when it is published.

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: I move amendment No. 3: In page 16, lines 12 to 15, to delete all words from and including "apply," in line 12 down to and including "Court" in line 15 and substitute the following: "apply to the High Court, on notice to the applicant, the Central Bank, the registrar and all creditors of the applicant". Amendments Nos. 3 to 5, inclusive, are related. They make minor adjustments to the new...

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: The courts have even considered the content of the Second Stage contributions of Deputies and Members of the Upper House in order to discover the intention behind legislation. The Second Stage debate often frames the overall direction legislation takes. The funds industry is critically important and approximately 10,000 people are employed in it. Some 26,000 or 27,000 people are employed in...

Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages (17 Dec 2009)

Billy Kelleher: I move amendment No. 4: In page 16, between lines 39 and 40, to insert the following: (d) The Central Bank and the applicant concerned shall be entitled to make representations to the High Court before an order under this subsection is made.".