Written answers

Wednesday, 16 June 2010

Department of Enterprise, Trade and Innovation

Legislative Programme

7:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Question 69: 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 the group; and if he will make a statement on the matter. [24344/10]

Photo of Batt O'KeeffeBatt O'Keeffe (Cork North 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 for Enterprise, Trade and Innovation every two years. I have received the Review Group's Report at the conclusion of its 2008-2009 Work Programme and I am considering its recommendations in the context of the drafting by the Office of the Parliamentary Council (OPC) of the Companies Consolidation and Reform Bill. The Report is available on the CLRG's website at www.clrg.org.

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 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 towards the end of 2011.

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