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IMEACHTAÍ AN CHOISTE SPEISIALTA.PROCEEDINGS OF THE SPECIAL COMMITTEE.Dé Céadaoin, 24 Iúil, 1963.Wednesday, 24th July, 1963.1. Chruinnigh an Coiste ar 11.40 a.m. 2. Comhaltaí i Láthair. Bhí na comhaltaí seo a leanas i láthair:— An Teachta Ó Colla (sa Chathaoir), an tAire Tionscail agus Tráchtála, na Teachtaí Booth, Mac Cosgair, de Valera, Ó Gallchobhair, Ó Neachtain agus Suatman. 3. Breithniú na Leasuithe. Rinne an Coiste breithniú ar na leasuithe a ndearnadh an Bille a chur faoi athchúrsa i gcoiste ann maidir leo. (i) Alt 1. Tairgeadh leasú (An Teachta Suatman): “In page 19, subsection (2), line 14, to add ‘and of which he shall give at least three months notice.’” Tarraingíodh siar an leasú, faoi chead. (ii) Alt 2. Tairgeadh leasú (An Teachta Suatman): “In page 19, line 18, after ‘counsel’ to insert ‘nor Solicitor’”. Tarraingíodh siar an leasú, faoi chead. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 21, between lines 4 and 5 to insert: ‘ “printed” includes reproduced in any legible and durable form approved by the registrar of companies;’” Aontaíodh an leasú. (iii) Alt 3. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 23, subsection (9), to delete line 12 and substitute ‘The repeal by this Act of any enactment shall not affect—’” Aontaíodh an leasú. (iv) Alt 4. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 23, to delete paragraph (a) lines 43 to 46, and ‘(b)’ in line 47.” Aontaíodh an leasú. (v) Alt 8. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 25, lines 5 and 6, to delete: ‘who had not at the time when he so relied thereon express notice’ and substitute ‘who is not shown to have been actually aware, at the time when he so relied thereon’.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 25, to delete subsection (2), lines 11 to 16.” Aontaíodh an leasú. (vi) Alt 10. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 25, to delete subsection (1), lines 23 to 38, and substitute: ‘(1) Subject to subsection (2), a company may, by special resolution, alter the provisions of its memorandum by abandoning, restricting or amending any existing object or by adopting a new object and any alteration so made shall be as valid as if originally contained therein, and be subject to alteration in like manner.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 26, subsection (6), before ‘confirming’, in line 7, to insert ‘cancelling the alteration or.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 26, to delete subsection (11), lines 53 to 60.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 27, to delete lines 1 to 4.” Aontaíodh an leasú. (vii) Alt 14. Tairgeadh leasú (An Teachta Suatman): “In page 27, paragraph (d), line 50, before ‘witness’ to insert ‘qualified’.” Tarraingíodh siar an leasú, faoi chead. (viii) Alt 21. Tairgeadh leasú (An Teachta Suatman): “In page 29, line 18, to delete ‘Minister’ and substitute ‘Registrar’.” Tarraingíodh siar an leasú, faoi chead. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 29, line 18, to add ‘but an appeal shall lie to the court against a refusal to register’.” Aontaíodh an leasú. (ix) Alt 23. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 30, between lines 4 and 5, to insert a new subsection as follows: ‘(6) Where the winding up of a company commences within one year after the company has changed its name, the former name as well as the existing name of the company shall appear on all notices and advertisements in relation to the winding up’.” Aontaíodh an leasú. (x) Alt 24. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 30, subsection (2), line 18, to delete ‘under this Act’.” Aontaíodh an leasú. (xi) Alt 28. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 32, subsection (1), line 16, to delete ‘condition’ and substitute ‘provision’.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 32, subsection (3), line 25, to delete ‘conditions’ and substitute ‘provisions’.” Aontaíodh an leasú. (xii) Alt 30. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 33, subsection (2), to delete all words from ‘any copies’ in line 5 to ‘issued’ in line 8 and substitute ‘to any person any copy of the memorandum which is not in accordance with the alteration, it shall be liable to a fine not exceeding £25,’.” Aontaíodh an leasú. (xiii) Alt 37. Tairgeadh leasú (An Teachta Suatman): “In page 35, line 45, to delete ‘by a Company prior to its formation or.’” Tarraingíodh siar an leasú, faoi chead. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 35, subsection (1), line 48, after ‘by’ to insert ‘it’.” Aontaíodh an leasú. (xiv) Alt 38. Tairgeadh leasú (An Teachta Suatman): “In page 36, subsection 1, to add a new paragraph as follows: ‘(d) Alternatively a Company may file a Notice with the Registrar of Companies specifying the persons who are entitled to complete contracts on behalf of the Company, and when such a Notice is so filed such persons shall be enabled to bind the Company accordingly.’” Tarraingíodh siar an leasú, faoi chead. (xv) Alt 44. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 38, subsection (7) (b), lines 21 and 22, to delete ‘previously issued, and substitute ‘issued within the preceding 3 years.’” Leasaíodh an leasú, faoi chead, trí “2” a chur in ionad “3.” Aontaíodh an leasú, mar a leasaíodh (xvi) Alt 49. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 41, subsection (3), line 10, after ‘consent;’ to insert ‘or’.” Aontaíodh an leasú. (xvii) Alt 56. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 45, subsection (1), lines 48 and 51, to delete ‘third’ in each place where it occurs and substitute ‘fourth’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 45, subsection (2), line 58, to delete ‘third’ and substitute ‘fourth’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 46, subsection (5), lines 16 and 18, to delete ‘7’ in each place where it occurs and substitute ‘9’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 46, subsection (6), line 22, to delete ‘and section 57’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 46, subsection (6), lines 23 and 25, to delete ‘third’ in each place where it occurs and substitute ‘fourth’”. Aontaíodh an leasú. (xviii) Alt 57. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 47, between lines 15 and 16, to add a new subsection as follows: ‘(6) In reckoning for the purposes of this section the third day after another day, any intervening day which is a Saturday or Sunday or which is a bank holiday shall be disregarded and if the third day (as so reckoned) is itself a Saturday or Sunday or such a bank holiday there shall for the said purposes be substituted the first day thereafter which is none of them.’” Aontaíodh an leasú. (xix) Alt 58. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 47, subsection (1) (a), line 22, to delete ‘descriptions’ and substitute ‘occupations’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 47, subsection (1), between lines 34 and 35, to insert the following: ‘provided that, where shares are allotted to the members of a company on a capitalisation or provisionally allotted on a rights issue it shall not be necessary to make a return of the particular allottees, notwithstanding that in either case there may be a right of renunciation.’” Aontaíodh an leasú. (xx) Alt 60. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 49, subsection (2), to delete paragraph (b), lines 13 to 16, and substitute: ‘(b) the company has forwarded with each notice of the meeting at which the special resolution is to be considered a copy of a statutory declaration which complies with subsections (3) and (4) and also delivers, on the same day as such notices are issued, a copy of the declaration to the registrar of companies for registration.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 49, subsection (3), line 18, to delete ‘21’ and substitute ‘24’”. Aontaíodh an leasú. (xxi) Alt 62. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 51, subsection (2), to delete lines 26 and 27.” Aontaíodh an leasú. (xxii) Alt 63. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 51, subsection (1) (c), lines 51 and 54, to delete ‘3’ and substitute ‘2’”. Aontaíodh an leasú. (xxiii) Alt 64. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, subsection (6), line 3, to delete ‘or in paying up the amounts unpaid on any shares’ and to delete lines 4 and 5.” Aontaíodh an leasú. (xxiv) Alt 65. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, subsection (1), line 7, to delete ‘which is not a private company’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, subsection (1), to delete paragraph (b), lines 12 to 17.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, subsection (1), to insert before line 36 a new paragraph as follows: ‘( ) in the case of a private company the redemption must have been sanctioned by the court.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, between lines 35 and 36, to insert a new subsection as follows: ‘(2) The powers conferred by this section may be availed of only by means of an offer made to all the holders of the preference shares concerned.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 53, to delete subsections (4) and (5), lines 49 to 62.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 54, subsection (9), to delete lines 21 and 22.” Aontaíodh an leasú. (xxv) Alt 68. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 54, subsection (1), line 43, before ‘alter’ to insert ‘in general meeting’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 55, to delete subsection (2), lines 6 and 7.” Aontaíodh an leasú. (xxvi) Alt 77. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 58, line 28, to delete ‘or’ where it secondly occurs, and to delete paragraph (c), lines 29 and 30.” Aontaíodh an leasú. (xxvii) Alt 78. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 58, subsection (2), line 49, after ‘days’ to insert ‘(or such longer period as the court, on application made to it by any shareholder before the expiry of the said 28 days, may allow)’.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 58, subsection (4), line 62, to add: ‘but an appeal shall lie to the Supreme Court from the determination of the court on a question of law.’” Aontaíodh an leasú. (xxviii) Alt 80. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 59, line 15, to delete ‘subsection (2)’ and substitute ‘subsections (2) and (3)’”. Aontaíodh an leasú. (xxix) Alt 90. Tairgeadh leasú (An Teachta Suatman): “In page 61, line 43, after ‘owner’ to insert ‘or votes at any meeting of the Company’”. Tarraingíodh siar an leasú, faoi chead. (xxx) Alt 91. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 61, before subsection (1), between lines 48 and 49, to insert a new subsection as follows: ‘(1) Every company shall keep a register of holders of debentures of the company and enter therein the names and addresses of the debenture holders and the amount of debentures currently held by each. For the purposes of this subsection, debentures do not include any debenture which does not form part of a series ranking pari passu nor any debenture which is transferable by delivery.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 61, subsection (1), lines 49 and 50, to delete ‘which keeps a register of holders of debentures of the company’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 62, subsection (2), lines 1 and 2, to delete ‘which keeps any such register’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 62, to delete subsection (4), lines 9 to 12, and substitute: ‘(5) Where a company makes default in complying with subsection (1) or (2) or makes default for 14 days in complying with subsection (3), the Company and every officer of the company who is in default shall be liable to a fine not exceeding £50.’” Aontaíodh an leasú. Cuireadh breithniú breise ar na leasuithe ar athló. 4. Ordaíodh: An Coiste a dhul ar athló ó 1 p.m. go dtí 2.30 p.m. 5. Chruinnigh an Coiste arís ar 2.30 p.m. 6. Comhaltaí i Láthair. Bhí na comhaltaí seo a leanas i láthair:— An Teachta Ó Colla (sa Chathaoir), an tAire Tionscail agus Tráchtála, na Teachtaí Booth, Ó Broin, Mac Cosgair, D. Ua Coisdealbha, de Valera, Ó Gallchobhair, Ó Neachtain agus Suatman. 7. Breithniú na Leasuithe. D’athchrom an Coiste ar na leasuithe a bhreithniú. (i) Alt 95. Tairgeadh leasú (An Teachta Suatman): “In page 63, to delete lines 44 to 46.” Tarraingíodh siar an leasú, faoi chead. (ii) Alt 99. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 66, subsection (8), line 27, to delete ‘together with one of the debentures of the series’”. Aontaíodh an leasú. (iii) Alt 100. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 67, subsection (3), line 11, to delete ‘£50’ and substitute ‘£100’”. Aontaíodh an leasú. (iv) Alt 101. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 67, subsection (1), line 22, to delete the words ‘and the charge was created’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 67, subsection (2), line 30, to delete ‘£50’ and substitute ‘£100’”. Aontaíodh an leasú. (v) Alt 102. Tairgeadh leasú (An Teachta Suatman): “In page 67, line 34, to delete ‘2 copies’ and substitute ‘one copy’”. Tarraingiodh siar an leasú, faoi chead. (vi) Alt 110. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 69, subsection (2), line 34, to delete ‘£50’ and substitute ‘£100’”. Aontaíodh an leasú. (vii) Alt 111. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 69, line 45, after ‘company’ to insert ‘and to receivers appointed on or after the operative date, of property in the State of such a company,’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 69, line 46, to delete ‘office’ and substitute ‘place of business’”. Aontaíodh an leasú. (viii) Alt 112. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 70, between lines 29 and 30, to insert a new subsection as follows: ‘(6) In relation to a company incorporated outside the State which, on or after the operative date, establishes a place of business in the State, this section shall have effect as if— (a) for the references to the operative date there were substituted references to the date of such establishment, and (b) for the references to charges created or property acquired before the operative date there were substituted references to charges created or property acquired before such establishment, whether before the operative date or not.’” Aontaíodh an leasú. (ix) Alt 116. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 73, subsection (5), line 24 after ‘shall’ to insert ‘,except when it is closed under the provisions of this Act’”. Aontaíodh an leasú. (x) Alt 122. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 75, subsection (5), line 49, to add ‘if the error or omission also occurs in any document forwarded by the company to him’”. Aontaíodh an leasú. (xi) Alt 128. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 78, subsection (4), at the end of line 19, to insert ‘or’ and between lines 19 and 20 to insert a new paragraph as follows:— ‘(c) a company, not having a share capital, which is formed for an object that is charitable and is under the control of a religion recognised by the State under Article 44 of the Constitution, and which exercises its functions in accordance with the laws, canons and ordinances of the religion concerned.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 78, between lines 19 and 20, to insert a new subsection as follows:— ‘(5) (a) The Commissioners of Charitable Donations and Bequests for Ireland may, if they think fit, by order exempt, either altogether or for a limited period, from the application of this section a specified company, formed for charitable purposes, not having a share capital. (b) The Commissioners may by order revoke an order under paragraph (a). (c) A sealed copy of every order of the Commissioners under this subsection shall be delivered by the company to the registrar of companies for registration within fourteen days of the making of the order.’” Aontaíodh an leasú. (xii) Alt 129. Tairgeadh leasú (An Teachta Suatman): “In page 78, line 27, after ‘secretary’ to add ‘or by two Directors’”. Tarraingíodh siar an leasú, faoi chead. (xiii) Alt 130. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 79, subsection (7), line 32, to delete ‘descriptions’ and substitute ‘occupations’”. Aontaíodh an leasú. (xiv) Alt 132. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 80, subsection (3), line 52, after ‘meeting’ to insert ‘to be held within 2 months from the said date’”. Aontaíodh an leasú. (xv) Alt 141. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 84, subsection (2), lines 26 and 27, to delete all words from ‘if all the members’ to the end of the subsection and substitute: ‘if it is so agreed by a majority in number of the members having the right to attend and vote at any such meeting, being a majority together holding not less than ninety per cent. in nominal value of the shares giving that right or, in the case of a company not having a share capital, together representing not less than ninety per cent. of the total voting rights at that meeting of all the members.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 84, after line 54, to insert a new subsection as follows: ‘(8) (a) Notwithstanding anything to the contrary in this Act, in any case in which a company is so authorised by its articles, a resolution in writing signed by all the members for the time being entitled to attend and vote on such resolution at a general meeting (or being bodies corporate by their duly appointed representatives) shall be as valid and effective for all purposes as if the resolution had been passed at a general meeting of the company duly convened and held, and if described as a special resolution shall be deemed to be a special resolution within the meaning of this Act. (b) Any such resolution shall be deemed to have been passed at a meeting held on the date on which it was signed by the last member to sign, and where the resolution states a date as being the date of his signature thereof by any member the statement shall be prima facie evidence that it was signed by him on that date. (c) This subsection does not apply to a resolution for any of the purposes of section 160 or 182.’” Aontaíodh an leasú. (xvi) Alt 143. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 85, subsection (1), line 20, to delete ‘Subject to subsection (2),’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 85, to delete subsection (2), lines 24 to 27.” Aontaíodh an leasú. (xvii) Alt 145. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 86, subsection (1), line 14, before ‘cause’ to insert ‘as soon as may be’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 86, subsection (1), line 16, after ‘directors’ to insert ‘or committees of directors’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 86, subsection (3), line 23, after ‘directors’ to insert ‘or committee of directors’”. Aontaíodh an leasú. (xviii) Alt 147. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 87, between lines 28 and 29, to insert a new subsection as follows: ‘(5) Every record required to be kept under this section shall be preserved by the company for a period of five years after the date to which it relates.’” Leasaíodh an leasú, faoi chead, trí “six” a chur in ionad “five.” Aontaíodh an leasú, mar a leasaíodh. (xix) Alt 149. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 88, between lines 43 and 44, to insert a new subsection as follows: ‘(5) The profits or losses attributable to any shares in a subsidiary for the time being held by a holding company or any other of its subsidiaries shall not, for any purpose, be treated in the holding company’s accounts as revenue profits or losses so far as they are profits or losses for the period before the date on or as from which the shares were acquired by the company or any of its subsidiaries, and for the purpose of determining whether any profits or losses are to be treated as profits or losses for the said period the profit or loss for any financial year of the subsidiary may, if it is not practicable to apportion it with reasonable accuracy by reference to the facts, be treated as accruing from day to day during that year and be apportioned accordingly. Provided, however, that where the directors and the auditors are satisfied that it would be fair and reasonable and would not prejudice the rights and interests of any person, the profits or losses attributable to any shares in a subsidiary may be treated in a manner otherwise than in accordance with this subsection.’” Leasaíodh an leasú, faoi chead, trí “and so certify” a chur isteach tar éis “are satisfied” i line 16. Aontaíodh an leasú, mar a leasaíodh. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 88, between lines 43 and 44, to insert a new subsection as follows: ‘(6) (a) A capital surplus arising on the revaluation of unrealised fixed assets shall not be treated as being available, directly or indirectly, for distribution in dividends or for paying up debentures or other loan stock or for paying calls on partly paid shares. (b) An unrealised net capital surplus (established by bona fide revaluation of all the fixed assets of the company) in excess of the previous book value of the assets may be used in paying up unissued shares of the company, other than redeemable preference shares, to be issued to members as fully paid bonus shares.’” Aontaíodh an leasú. (xx) Alt 150. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 89, subsection (1), line 25, after ‘(2)’ to insert ‘and, in the case of a private company, to section 154’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 89, subsection (3), line 45 before ‘group’ to insert ‘the’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 90, subsection (4), line 5, after ‘£100’ to insert ‘or to both’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 90, to delete subsection (6), line 22.” Aontaíodh an leasú. (xxi) Alt 153. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 91, subsection (5), line 31, to add ‘and which takes advantage of subsection (1) of section 154’”. Aontaíodh an leasú. (xxii) Alt 154. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 91, before subsection (1), line 32, to insert a new subsection as follows: ‘(1) Notwithstanding section 150, a private company which is a holding company need not prepare group accounts but if it does not do so the subsequent provisions of this section shall apply.’” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 91, subsection (1), line 32, to delete ‘a private company which is a holding’ and substitute ‘the’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 91, subsection (2), lines 39 and 40, to delete ‘a private company which is a holding’ and substitute ‘the’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 91, subsection (2), lines 44 and 45, to delete ‘such holding’ and substitute ‘the’”. Aontaíodh an leasú. (xxiii) Alt 155. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 92, subsection (2), line 37, paragraph (b), to delete ‘or’ and to delete paragraph (c), lines 38 and 39.” Aontaíodh an leasú. (xxiv) Alt 158. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 94, between lines 32 and 33, to insert a new subsection as follows: ‘(6) Subsections (4) and (5) shall not apply to a company, formed by direction of any enactment, the principal objects of which comprise the acquisition and underwriting of shares or other securities of companies carrying on a trade or industry in the State.’” Tarraingíodh siar an leasú, faoi chead. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 94, subsection (6), line 37, after ‘£100’ to insert ‘or to both’”. Aontaíodh an leasú. (xxv) Alt 161. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 96, subsection (1), line 44, after ‘notice’ to insert ‘within the meaning of section 142.’” Aontaíodh an leasú. (xxvi) Alt 162. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 97, subsection (3), paragraph (b), line 45, before ‘a person’ to insert ‘except where the company is a private company,’”. Aontaíodh an leasú. (xxvii) Alt 167. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 99, line 33, after ‘shall’ to insert ‘with the approval of the Minister,’”. Aontaíodh an leasú. (xxviii) Alt 168. Tairgeadh leasú (An Teachta Suatman): “In page 100, subsection (4), line 10, to delete ‘either personally or.’” Aontaíodh an leasú. (xxix) Alt 169. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 100, after line 58, to insert the following new subsection: ‘(3) The Minister may lay the report before each House of the Oireachtas and such publication shall be privileged.’” Aontaíodh an leasú. (xxx) Alt 173. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 102, paragraph (a), lines 42 and 43, to delete ‘except the name and address of his client’”. Aontaíodh an leasú. (xxxi) Alt 182. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 105, subsection (1), line 14, to delete ‘on the 31st day of March, 1962’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 105, subsection (2), line 15, after ‘notice’ to insert ‘within the meaning of section 142’”. Aontaíodh an leasú. (xxxii) Alt 184. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 106, subsection (1), line 28, after ‘company’ to insert ‘or any offence involving fraud or dishonesty whether in connection with a company or not’”. Aontaíodh an leasú. Tairgeadh leasú (An Teachta Suatman): “In page 106, line 48, to delete ‘by’ where it firstly appears and to substitute ‘on behalf of’”. Aontaíodh an leasú. (xxxiii) Alt 188. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 108, subsection (3), line 21, to delete ‘If’ and substitute ‘Unless’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 108, subsection (3) (a), line 22, to delete ‘not’ and in line 24, after ‘mentioned;’ to insert ‘and’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 108, subsection (3), to delete line 25.” Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 108, subsection (3) (b), line 26, to delete ‘not’”. Aontaíodh an leasú. (xxxiv) Alt 190. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 110, subsection (8), line 22, to delete ‘sixpence’ and substitute ‘one shilling’”. Aontaíodh an leasú. (xxxv) Alt 204. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 121, subsection (1), line 6, to delete ‘form’ and substitute ‘manner’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 123, subsection (12), line 1, to delete ‘This’ and substitute ‘Subject to subsection (13), this’”. Aontaíodh an leasú. Tairgeadh leasú (An tAire Tionscail agus Tráchtála): “In page 123, between lines 6 and 7, to add a new subsection as follows: ‘(13) Where any such scheme, contract or offer as is mentioned in subsection (1) was approved or accepted in accordance with that subsection at any time before the passing of the Companies Act, 1959, the court may by order on an application made to it by the transferee company within 6 months after the operative date authorise notice to be given under this section within such time after the making of the order as the court shall direct, and this section shall apply accordingly, except that the terms on which the shares of the dissenting shareholder are to be acquired shall be such terms as the court may by the order direct, instead of the terms provided by the scheme, contract or offer.’” Aontaíodh an leasú. Cuireadh breithniú breise ar na easaithe ar athló. 8. Athlá. Chuaigh an Coiste ar athló ar 4.35 p.m. go dtí 11 a.m., Dé hAoine, 26 Iúil, 1963. |
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