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Ordnance Survey Ireland Act, 2001

Establishment of companies by OSI.

7.—(1) OSI may, either by itself or with another person, with the consent of the Minister, and subject to any conditions of the Minister, promote and take part in the formation or establishment of a company (referred to in this section as a “subsidiary”) to perform any of the functions conferred upon it by this Act.

(2) OSI may exercise total or partial control of the board of directors, by whatever name called, of a company that controls or manages the subsidiary.

(3) The memorandum and articles of association of a subsidiary shall be in such form consistent with this Act as may be approved of by OSI.

(4) A subsidiary shall make such reports and in such manner to OSI as it may require.

(5) A subsidiary may enter into joint ventures with other persons.

(6) The chief officer of a subsidiary shall hold office on and subject to such terms and conditions (including terms and conditions relating to remuneration) as may be approved of by the board of directors (or other authority, by whatever name called, that controls any such company).