Sweeping changes to company law on cards

The Government has introduced the most sweeping reform of company law in the history of the State.

As part of the Action Plan for Jobs, the new Companies Act consolidates an existing 17 companies acts between 1963 and 2013 into one piece of legislation. Set out across 25 parts, the Bill contains 1,448 sections and 17 schedules.

The Minister for Jobs, Enterprise and Innovation, Richard Bruton, said that the initiative was part of the plan to make “Ireland the best small country in the world to do business”.