Liquidations

The main provisions of the Company Law Enforcement Bill 2000 flow directly from the recommendations in the report of the Working Group on Company Law Compliance and Enforcement which was published in March 1999. The bill, which is expected to become law in the next few months, proposes a number of s...

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Bibliographic Details
Published in:Accountancy Ireland 2000-12, Vol.32 (6), p.24
Main Author: Stafford, Jim
Format: Article
Language:English
Subjects:
Audits
Bills
Directors
Legal fees
Legislation
Liquidation
Meetings
Proposals
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Summary:The main provisions of the Company Law Enforcement Bill 2000 flow directly from the recommendations in the report of the Working Group on Company Law Compliance and Enforcement which was published in March 1999. The bill, which is expected to become law in the next few months, proposes a number of significant changes regarding liquidations, including: 1. Creditors will now be able to elect their choice of liquidator if they have sufficient value. 2. A liquidator will be obliged to report to the Director of Corporate Enforcement. 3. The minimum paid-up share capital of a company where one or more of the directors is a restricted person is to be increased.
ISSN:0001-4699