Seanad debates

Tuesday, 30 September 2014

Companies Bill 2012: Report and Final Stages

 

Government amendment No. 13: In page 99, between lines 1 and 2, to insert the following:"(9) For the avoidance of doubt, the application of Part 16, in the circumstances under this section where that Part is stated to apply and notwithstanding that the course of action of delivering a constitution of the kind referred to in subsection (1)will not be adopted by such a company, extends to an existing private company falling within subsection (10) but-(a) the application of Part 16to such a company does not affect the application of the provisions of the statute referred to in subsection (10)(or any other relevant statute) to the company; and (b) if, by virtue of the foregoing statute, the company was not required to include the word "limited" or "teoranta" in its name, that exemption is not affected by anything in this section or Part 16.(10) The existing private company referred to in subsection (9) is one that has been incorporated under a former enactment relating to companies (within the meaning of section 5) pursuant to, or in compliance with a requirement of, any statute.".

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