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Seanad Éireann debate -
Wednesday, 6 May 2009

Vol. 195 No. 5

Companies (Amendment) Bill 2009: Order for Second Stage.

Bill entitled an Act to remove certain exceptions contained in the Companies Acts that apply in the cases of companies holding licences under section 9 of the Central Bank Act 1971 (or holding companies of such companies) regarding disclosure of loans to directors and transactions of an analogous nature, to otherwise amend the Companies Acts in respect of loans by companies (of whatever type) to directors or certain related parties and transactions of an analogous nature and, in particular, to amend section 40 of the Companies Act 1990 concerning criminal liability in that regard, to confer additional powers on the Director of Corporate Enforcement with respect to access to information in the possession of companies, including information kept by them in certain registers or books, or in the possession of third parties, to amend sections 20 and 23 of the Companies Act 1990 in relation to search warrants and procedures to be followed in cases of claims of legal professional privilege, to amend sections 43 and 44 of the Companies (Amendment)(No. 2) Act 1999 and to provide for related matters.

I move: "That Second Stage be taken today."

Question put and agreed to.