Flynn, Pádraig

Wednesday, 18 May 1983

Dáil Eireann Debate
Vol. 342 No. 8

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Companies (Amendment) Bill, 1982 [Seanad]: Committee Stage (Resumed) and Final Stages.

I raised this matter on the Second Stage speech and perhaps the Minister might now be in a position to clarify the definition of the word “available” in so far as it applies to section 45. I made the ...More Button

I am aware of the distribution of profits as outlined by the Minister. If a director made an unlawful and fraudulent distribution of profits, is there any way of bringing him to justice and is there a...More Button

Under section 40 certain people are named and it is stated that a person shall be guilty of an offence if he breaches a particular section. That might have been a suitable section for an addendum as ...More Button

Is it stated in section 50 — I do not think it is — that, if the said distribution is made illegally and moneys have to be reimbursed, the director or the directors who made the authorisation of the d...More Button

As under section 40, I take it that the director who became aware of an unlawful distribution together with his co-directors would be liable collectively for the reimbursement of the unlawful distribu...More Button

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