I move amendment No. 1 :
In subsection (1), in the definition of " existing company ", to delete " or deemed to have been registered, in the State " and substitute " in a register kept in the State, ".
The words ‘ or deemed to have been registered ", were taken from the Northern Ireland Act of 1960. They are necessary in the North of Ireland because of the problem peculiar to that part of this country as a result of Partition in the early 1920‘s. Prior to that a register was kept in respect of the entire country in Dublin, but after Partition companies which were in existence in the partitioned part of the country were deemed to be registered in Belfast. The words are not necessary here and it is for that reason that they should be deleted and the words " in a register kept in the State " substituted.