- 19 January 2019
- Posted by: Niamh Gibney
- Categories: Banking, Commercial Law, Construction, Corporate Transactions, Investment in Ireland
Companies Act 2014 – Get to know the numbers
There are a handful of sections in company law that are known to lawyers, accountants and many of their clients by the section number. We have selected the key provisions under the old legislation and set out the equivalent under the new.
Remember a couple of these and impress your friends!
|Topic||Old Law||Companies Act 2014|
|Substantial property transactions involving directors etc.||S.29||S.238|
|Prohibition on loans to directors and connected person||S.31||S.239|
|Giving of financial assistance by a company for the purchase of its share||S.60||S.82|
|Restriction of directors (court order)||S.150||S.819
(See S.818 – S.836 for restriction generally)
|Meaning of “holding company” and “subsidiary”||S.155||S.7
|Remedy in cases of oppression||S.205||S.212|
|Circumstances in which a company deemed unable to pay its debts||S.214||S.570|