Damien English (Meath West, Fine Gael) | Oireachtas source

The purpose of these amendments is to clarify that "holding company" and "subsidiary" are not to be read as covering only private companies limited by shares. With a close reading of Part 6, for example, a reader will see that it actually provides a firm indication that "holding company" and "subsidiary" are not to be read a restricted fashion. Nevertheless, it was felt prudent to ensure this section is not read in isolation from such sections nor undue emphasis placed on the words "unless expressly provided otherwise". Due to the structure of this Bill and the manner in which various Parts apply to specific company types, it has been necessary to introduce corresponding amendments in relevant Parts for other company types.