Written answers

Wednesday, 20 May 2009

Department of Enterprise, Trade and Employment

Proposed Legislation

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour)
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Question 133: To ask the Tánaiste and Minister for Enterprise, Trade and Employment when she will publish the consolidated bill on company law; and if she will make a statement on the matter. [20528/09]

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)
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The General Scheme of the Companies Consolidation and Reform Bill was published in July 2007. The General Scheme (which comprises some 1,250 sections) is broken down into two separate groups of provisions (Pillars A and B). Pillar A deals exclusively with private companies limited by shares (also called private companies) and Pillar B deals with other corporate forms such as public limited companies (PLCs), designated activity companies (DACs), guarantee companies, unlimited companies, etc.

The Bill is currently being drafted along the lines of the General Scheme prepared by the Company Law Review Group in the Office of the Parliamentary Counsel. Given its size and complexity and in order to accelerate the drafting process, the Attorney General's Office has assigned two parliamentary counsel to the work. In addition, my Department has assigned two legal researchers to the project.

It is envisaged that the Bill will be substantially completed by the end of 2009 and published in early 2010.

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