S.I. No. 285/2014 - Companies (Miscellaneous Provisions) Act 2013 (Section 2) (Commencement) Order 2014.


Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 24th June, 2014.

I, RICHARD BRUTON, Minister for Jobs, Enterprise and Innovation, in exercise of the powers conferred on me by section 11 (3) of the Companies (Miscellaneous Provisions) Act 2013 (No. 46 of 2013), hereby order as follows:

1. This Order may be cited as the Companies (Miscellaneous Provisions) Act 2013 (Section 2) (Commencement) Order 2014.

2. The 14th day of July 2014 is appointed as the day on which section 2 of the Companies (Miscellaneous Provisions) Act 2013 (No. 46 of 2013) shall come into operation.

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GIVEN under my Official Seal

18 June 2014.

RICHARD BRUTON,

Minister for Jobs, Enterprise and Innovation.

EXPLANATORY NOTE

(This note is not part of the instrument and does not purport to be a legal interpretation)

This Order commences section 2 of the Companies (Miscellaneous Provisions) Act 2013 . Section 2 amends section 2 of the Companies (Amendment) Act 1990 . It provides for small private companies to be allowed to apply directly to the Circuit Court to have an examiner appointed, and not be required to apply to the High Court. Small private companies must meet at least two of the following three conditions — balance sheet total not exceeding €4.4m, turnover not exceeding €8.8m and number of employees not exceeding 50.