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Dáil Éireann díospóireacht -
Tuesday, 20 May 2003

Vol. 567 No. 1

Written Answers. - Legislative Programme.

Seán Crowe

Ceist:

143 Mr. Crowe asked the Tánaiste and Minister for Enterprise, Trade and Employment the implications which the Companies Bill 2003 will have as it stands for a company which is a guarantee company without a share capital; and if the directors of such a company will have to complete the new directors' compliance statement. [13349/03]

Seán Crowe

Ceist:

148 Mr. Crowe asked the Tánaiste and Minister for Enterprise, Trade and Employment if a company set up as a guarantee company without a share capital will have to comply with the new measures in the Companies Bill 2003 if it is passed by the Houses of the Oireachtas; the new measures with which it will have to comply with; if the directors of the company will have to complete the new director's compliance statement; and if the circumstances are different if the director is voluntary and unpaid. [13604/03]

I propose to take Questions Nos. 143 and 148 together.

I take it that the Bill in question is the Companies (Auditing and Accounting) Bill 2003. This Bill has completed Second Stage in the Seanad and is scheduled for Committee Stage in that House towards the end of the month, where the issue of amendments to the Bill will obviously arise.

The directors' compliance statement is provided for at section 43 of the Bill. However, it is not possible to anticipate the content of the Bill when it is introduced in the Dáil after completing its passage through the Seanad. It will be possible for me to give any clarification the Deputy requires in respect of any section when the Bill is before the Dáil.

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