Ciarán Lynch (Cork South Central, Labour)
Link to this: Individually | In context

Question 59: To ask the Minister for Enterprise, Trade and Innovation the position regarding the work of the company law review group; the timeframe for the publication of legislation following the reports of this group; and if he will make a statement on the matter. [19183/10]

Batt O'Keeffe (Cork North West, Fianna Fail)
Link to this: Individually | In context

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 for Enterprise, Trade and Innovation every two years. I have received the Report of the Review Group on its 2008-2009 Work Programme. Following consideration by the Government, the Report will be laid before both Houses of the Oireachtas. While there is no obligation on my part to legislate in respect of any recommendation from the CLRG, the main focus of the Group's work to date has been in relation to the General Scheme of the Companies Consolidation and Reform Bill which was published in July 2007. The Government subsequently approved the drafting of a Bill along the lines of the General Scheme. The proposed Bill will consolidate all the existing Irish 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 be published in the Autumn 2011 at the earliest.