Companies Bill preparation
Deputy Durkan asks about the long-awaited Companies Bill, stressing the need to modernise and consolidate company law; the Tánaiste says its 1,270 heads are being prepared for publication late in 2012.
The companies Bill has been on the map for quite a long time and it should clarify and simplify the companies' code and modernise Irish company law through the consolidation of the existing 15 company law Acts, other regulations and case law. I realise it is a complicated piece of legislation, but it is necessary. If that legislation had been introduced five or ten-----
Comment on this
I hope the Ceann Comhairle will give me the time to do that. This Bill is vital in the context of the crisis affecting the country. If it had been implemented several years ago, we would possibly not have some of the difficulties we now have.