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

This amendment provides the Minister, in exceptional circumstances, with the power to exempt an unlimited company from having the titled "unlimited company" in its name. The related amendments extend this power to those sections also. The requirement to have "unlimited" in name is a new administrative requirement under the Bill. As there are many companies which are long established as unlimited companies, it was felt that it would be safer to have an exempting power should unforeseen circumstances arise after the Bill is enacted.