Seanad debates
Wednesday, 20 May 2009
Companies (Amendment) Bill 2009: Committee Stage
Feargal Quinn (Independent)
I have listened very carefully to Senators Cannon and O'Toole. It seems that Senator Cannon has a point: if the Director of Corporate Enforcement is seeking a particular document, which is in a filing cabinet, it would appear on the basis of this that he or she has the right take away the whole filing cabinet. I know there are protections in place and I am not sure what the answer is, but it appears to place restraints on a company's ability to continue trading on that basis. I take the point that both Senators have made, that we are not talking about the present director. We are putting in place legislation that I hope will last and which is for the protection of the clients of the particular company. I want to hear from the Tánaiste as regards this, because I should like my mind to be put at rest as I am concerned over it.
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