Air Companies (Amendment) Act, 1993

Alteration, etc., of memoranda and articles of association of air companies, etc.

15.—(1) The air companies and the existing companies shall take such steps as may be necessary under the Companies Acts—

(a) in the case of the existing companies and Aer Rianta cuideachta phoiblí theoranta, to alter their memoranda and articles of association, and

(b) in the case of the Holding Company, to draw up or alter, as appropriate, its memorandum and articles of association,

to make them consistent with this Act.

(2) A subsidiary of an air company shall take such steps as may be necessary under the Companies Acts to alter its memorandum and articles of association to make them consistent with this Act and any direction of the Minister under section 17 (1) (as amended by this Act) of the Principal Act or section 9 , 10 or 12 .