Companies legislation
Bernard Durkan asks about the companies miscellaneous provisions Bill. The Tánaiste explains that a broader companies Bill is due this session, while the other measure is expected next year.
The Tánaiste should indicate the progress on the preparation and presentation to the House for a First Reading of the companies miscellaneous provisions Bill, which purports "to strengthen and streamline the functions of certain company law enforcement agencies and to make other necessary amendments to the Companies Acts"? This has been called for by authorities outside this House. The Tánaiste should indicate when it is likely to come into the House and whether it has been discussed at Cabinet.
Comment on this
There are two companies Bills. The companies Bill is intended to bring greater clarification and simplification to the companies code and to modernise Irish company law through the consolidation of the existing 15 Company Law Acts, other regulations and case law. This Bill is on the A list of legislation due to be published this session. I expect the other companies Bill will be next year.