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Memorandum and articles of association of energy company
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22. (1) The memorandum of association of an energy company shall, from the transfer date until the disposal date, be in such form consistent with this Act as may be approved by the Minister with the consent of the Minister for Public Expenditure and Reform.
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(2) The principal objects of an energy company stated in the memorandum of association shall be expressed to include, for the period beginning on the transfer date and ending immediately before the disposal date, the ownership and operation of that part of the energy business as is transferred to it under this Act.
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(3) The articles of association of an energy company shall, from the transfer date until the disposal date, be in such form consistent with this Act as may be approved by the Minister with the consent of the Minister for Public Expenditure and Reform.
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(4) Notwithstanding anything contained in the Companies Acts, no alteration of the memorandum or articles of association of an energy company made before the disposal date shall be valid or effectual unless made with the prior approval of the Minister given with the consent of the Minister for Public Expenditure and Reform.
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(5) The memorandum of association and the articles of association of an energy company shall not be inconsistent with the Natural Gas Directive during the period beginning on the transfer date and ending on the disposal date.
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