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

The purpose of this amendment is to remove an amendment inserted on Committee Stage. Upon close inspection, the amendment has proved to be unnecessary and potentially confusing for practitioners and others. I am satisfied the existing law relating to the acquisition of shares is essentially reflected in Part 3, section 102(1), which states that for any company, a requisite for a share acquisition is that the share is fully paid up.