Seanad debates

Tuesday, 17 June 2014

Companies Bill 2012: Committee Stage

 

Government amendment No. 3: In page 69, to delete lines 31 to 39 and substitute the following:“(8) In this Act a reference to a company having a sole director is a reference to its having, for the time being and for whatever reason, a single director (and this applies notwithstanding a stipulation in the constitution that there be 2 directors, or a greater number).”.The purpose of the amendment is to include a clear definition of a sole director company or a company with a sole director. The aim is to ensure that if, for example, an unforeseen eventuality results in a company having just one director, the company will be entitled to be considered as a sole director company.

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