Dáil Éireann Debate, Thursday - 7 October 2004
51 Mr. Crowe asked the Minister for Enterprise, Trade and Employment if his attention has been drawn to the legislation on community interest companies introduced by the British Government which make provision for a new type of company, designed for social enterprises which want to use their profits and assets for the public good; and if he has plans to introduce such legislation here. [23611/04]
Amharc ar fhreagraMy Department is currently working on the general scheme of a Bill to restructure, consolidate, simplify and modernise company law in Ireland, and I anticipate bringing that general scheme to Government for approval in the first quarter of 2005. As part of that reform the legislative provisions governing guarantee companies will be simplified. Most companies established for purposes of community welfare are incorporated as guarantee companies and the general simplification and consolidation of company law will be of assistance to those companies, their members and officers.
