200,000 SMEs and 12,000 start-ups every year will be able to substantially reduce the costs and time associated with establishing and running a company, as a result of a range of reforms to be introduced as part of the landmark Companies Bill. The Bill, which I introduced in the Dáil in December 2012, has passed all stages in the Houses of the Oireachtas and has today been sent to the President. Once commenced, the Act will provide significant benefits to companies by reducing red tape and making company law obligations easier to understand. This landmark legislative project, which is the largest substantive Bill in the history of the State, will bring significant benefits to companies of all types throughout the country, and is part of the Government’s drive to make Ireland the best small country in the world in which to do business. The Bill consolidates the existing 17 Companies Acts, which date from 1963 to 2013, into one Act and it also introduces a number of reforms, which are designed to make it easier to operate a company in Ireland. Set out across 25 Parts, to ease the accessibility of the law for each different company type, the Bill contains 1,448 sections, and 17 Schedules. It is the largest piece of legislation in the history of the state. This Government is determined to make Ireland the best small country in the world in which to do business, so that more businesses can start-up, grow and create the jobs we need. A key part of our Action Plan for Jobs is implementing a series of changes to reduce the administrative burdens imposed by Government on business. I would like to acknowledge the valuable contribution made by the members of the Houses of the Oireachtas and thank them for their collegial approach in progressing this large and technical Bill in such an efficient and supportive manner. I would also like to pay tribute in particular to officials of my Department who worked incredibly hard on this project, and to the CLRG and all the others who contributed to this massive and hugely important project. See link below to Companies Bill 2012: djei.ie/commerce/companylawreview/companiesbill.htm
Posted on: Wed, 17 Dec 2014 14:33:22 +0000
Trending Topics
Recently Viewed Topics
© 2015