Company Law
Seanad Éireann — 2023-05-31
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Dara Calleary (FF), Mayo

As already stated, the Companies Act is reviewed regularly. This is to ensure that the original objectives remain valid and are being achieved. To that end, my Department is seeking views on a proposed companies (corporate governance, enforcement and regulatory provisions) Bill 2023. The primary focus of the latter will be on four areas of company law, namely, corporate governance, company law enforcement, company law administration and corporate insolvency. A public consultation was launched on 8 May, with members of the public invited to express views on the specific proposals outlined in the proposed legislation.
New powers and other enhancements for the CEA and also for the Irish Auditing and Accounting Supervisory Authority, IAASA, and Companies Registration Office, CRO, are matters that are actively being considered for inclusion in the proposed Bill to allow it to strengthen the State's capability to meet the challenges faced in investigating and prosecuting alleged breaches of company law. It is important to stress, though, that where it is believed that there are indications of breaches of the Companies Act 2014 under any section, a complaint should be made directly to the CEA, which will then investigate it. However, I encourage the Senator to take part and make his submission to the review that is under way.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2023-05-31/debate/main
Retrieved: 2026-08-14T04:51:58+00:00
Sitting date: 2023-05-31