Companies (Amendment) Act, 1999

Removal of difficulties.

5.—(1) Where, in any respect, any difficulty arises in the operation of any provision of the Stabilisation Rules, the Minister for Enterprise, Trade and Employment may by regulations amend the Stabilisation Rules to do anything which appears to him or her to be necessary or expedient for removing that difficulty, and any such regulations may modify any provision of the Stabilisation Rules or add thereto so far as may be necessary or expedient for carrying the Schedule into effect.

(2) Every regulation made under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and if a resolution annulling the regulation is passed by either such House within the next 21 days on which that House has sat after the regulation is laid before it, the regulation shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.