Seanad debates

Wednesday, 20 May 2009

Companies (Amendment) Bill 2009: Committee Stage

 

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)

I thanks the Senators for their contributions. The amendments I propose in the legislation would allow for the imposition of any necessary timeline restrictions through regulating making powers being presented to the Minister. That is contained in section 5(2G). The overall thrust and the content of section 20 of the Companies Acts 1990 through to section 5 of this Bill also contains measures to allow for the involvement of the court. Therefore, I cannot accept the amendment as I wish to continue to have access to the court as part of the legislation. That being said there has been a reasonable thrust to the entire discussion to the effect that "practicable" is something that could be finite or otherwise. On that basis I call for consideration to be given for me to reflect on this and I will revert on Report Stage on the basis of the timeframe.

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