Special Committee Companies Bill, 1962 debate -
Monday, 22 Jan 1962

SECTION 62.

Question proposed: " That Section 62 stand part of the Bill."

Mr. J. Lynch

There is specific reference to this section on Page 6 of the explanatory memorandum.

Mr. Booth

Would it be correct to say therefore that a company must have a premium account for capital purposes only ?

Mr. J. Lynch

That is the purpose of it.

Question put and agreed to.