Thursday, 2 December 2010
Dáil Éireann Debate
27. Deputy Liz McManus asked the Minister for Enterprise, Trade and Innovation 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 he will make a statement on the matter. [45549/10]
Minister of State at the Department of Enterprise; Trade and Innovation (Deputy Billy Kelleher): 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 of State in the Department of Enterprise, Trade and Innovation (Minister Billy Kelleher) every two years. The Review Group is currently working on its 2010-2012 Work Programme (www.clrg.org) which was assigned to it in March 2010.
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 in 2012.
|Last Updated: 22/04/2011 14:49:57||Page of 152|