Dáil Éireann Debate, Tuesday - 11 February 2014
463. Deputy Pat Deering asked the Minister for Justice and Equality the implications, legally, financially and insurance-wise, for the directors of a management company set up to manage the common areas of a multi-unit residential complex. [6767/14]
View answerThe primary purpose of the Multi-Unit Developments Act 2011 is to reform the law relating to the ownership and management of common areas of multi-unit developments and to facilitate the fair, efficient and effective management of owners' management companies (OMCs) which are the bodies established for the management of such areas.
The general duties and liabilities of directors of companies, including those of OMCs, are set out in the Companies Acts. The Office of the Director of Company Enforcement (ODCE) has published the 'Company Law Handbook on Residential Property Owners' Management Companies' which contains valuable information and practical guidance for directors of OMCs and includes chapters on specific company law topics, including the responsibilities of directors. In addition, the ODCE has published 'A Property Owner's Guide to Company Law' which is aimed at the owners and residents of apartments in multi-unit developments and explains how company law is relevant to them. Both publications are available on the ODCE's website: www.odce.ie.
