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Companies (Amendment) Act, 1990

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Number 27 of 1990


COMPANIES (AMENDMENT) ACT, 1990


ARRANGEMENT OF SECTIONS

Section

1.

Definitions.

2.

Power of court to appoint examiner.

3.

Petition for protection of the court.

4.

Related companies.

5.

Effect of petition to appoint examiner on creditors and others.

6.

Effect on receiver or provisional liquidator of order appointing examiner.

7.

Powers of an examiner.

8.

Production of documents and evidence.

9.

Further powers of court.

10.

Incurring of certain liabilities by examiner.

11.

Power to deal with charged property, etc.

12.

Notification of appointment of examiner.

13.

General provisions as to examiners.

14.

Information to be given when examiner appointed.

15.

Examination of affairs of company.

16.

Examiner's report.

17.

Hearing of matters arising from examiner's report.

18.

Further report by examiner.

19.

Examiner's report under section 18.

20.

Repudiation of certain contracts.

21.

Appointment of creditors' committee.

22.

Contents of proposals.

23.

Consideration by members and creditors of proposals.

24.

Confirmation of proposals.

25.

Objection to confirmation by court of proposals.

26.

Cessation of protection of company and termination of appointment of examiner.

27.

Revocation.

28.

Disqualification of examiners.

29.

Costs and remuneration of examiners.

30.

Publicity.

31.

Hearing of proceedings otherwise than in public.

32.

No lien over company's books, records etc.

33.

Civil liability of persons concerned for fraudulent trading of company.

34.

Criminal liability of persons concerned for fraudulent trading of company.

35.

Power of court to order the return of assets which have been improperly transferred.

36.

Enforcement of reconstruction orders made by courts outside the State.

37.

Short title, collective citation and construction.


Acts Referred to

Central Bank Act, 1971

1971, No. 24

Companies Act, 1963

1963, No. 33

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Number 27 of 1990


COMPANIES (AMENDMENT) ACT, 1990


AN ACT TO AMEND THE LAW RELATING TO COMPANIES AND TO PROVIDE FOR RELATED MATTERS. [29th August, 1990]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: