Companies Act, 1990

Amendment of section 377 of, and Ninth Schedule to, the Principal Act.

250.—(1) The Principal Act is hereby amended—

(a) by the substitution for section 377 (1) of the following subsection—

“(1) The provisions specified in the Ninth Schedule shall apply to all bodies corporate incorporated in and having a principal place of business in the State, other than those mentioned in subsection (2), as if they were companies registered under this Act and subject to such adaptations and modifications (if any) as may be prescribed.”, and

(b) by the substitution for the Ninth Schedule of the provisions set out in the Schedule to this Act.

(2) The Minister may, if he considers it necessary to do so in the interests of the orderly and proper regulation of the business of unregistered companies, make regulations adding to, or subtracting from, the list of the provisions of the Companies Acts specified in the Ninth Schedule to the Principal Act.

(3) Every regulation made by the Minister 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 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.