Seanad debates

Wednesday, 20 May 2009

Companies (Amendment) Bill 2009: Committee Stage

 

Photo of Ciarán CannonCiarán Cannon (Progressive Democrats)

I thank the Minister for her response. The amendment we are tabling places an onus on the Director of Corporate Enforcement and his or her staff to be exact and definite in establishing what types of documents they need to remove from a company's premises. They have powers of separation under which they may enter a premises and deem which documents are pertinent to the case they are making. I cannot understand why that separation mechanism may not occur on the premises and why documents need to be taken away.

Could the Minister confirm whether, when such documents are removed, there is any finite time limit imposed on the director within which to return them to the owner, thus allowing a company, perhaps, to restart trading? Matters are overweighted in favour of the director rather than those thousands of companies which operate every day on a legitimate basis.

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