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Turf Development Act, 1998

PART III

Subsidiaries

Formation and registration of subsidiaries.

34.—(1) For the purpose of enabling its principal activities to be carried on by subsidiaries of the Company, the Company shall, with the consent of the Minister and the Minister for Finance, cause such number of companies as it considers appropriate to be formed and registered under the Acts.

(2) The subsidiaries shall be limited by shares and conform to the conditions laid down in the Acts.

(3) Each of the subsidiaries shall be exempt from the requirement of section 6(1)(b) of the Act of 1963 to include the word “limited” or the word “teoranta” as the last word of its name.