Written answers

Wednesday, 2 December 2009

Department of Enterprise, Trade and Employment

Departmental Bodies

Photo of Eamon GilmoreEamon Gilmore (Dún Laoghaire, Labour)
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Question 92: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the status of the work of the Company Law Review Group; the timeframe for the publication of legislation following the reports of the group; and if she will make a statement on the matter. [44593/09]

Photo of Mary CoughlanMary Coughlan (Donegal South West, Fianna Fail)
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In accordance with Section 70(1) of the Company Law Enforcement Act 2001, the Company Law Review Group's (CLRG) work programme is assigned by the Minister biennially. The Minister for Trade and Commerce approved the CLRG's latest work programme in August 2008. Work is proceeding on all of the items in the programme and the CLRG will report on progress by end March 2010.

The CLRG published its General Scheme of the Companies Consolidation and Reform Bill in July 2007. The Government subsequently approved the drafting of a Bill along the lines of the General Scheme. The proposed Bill will consolidate the existing 14 Companies Acts, dating from 1963 to 2009, as well as other regulations and common law provisions relating to the incorporation and operation of companies, into a single Act comprising more than 1,300 sections. Given its size and complexity it is envisaged that the Bill will not be published until September 2010 at the earliest.

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