State Authorities (Public Private Partnership Arrangements) Act, 2002
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Directions. |
6.—(1) In relation to a company to be formed and registered, or a company that is formed and registered under section 3 (2), an appropriate Minister may, either before, or at the time of entering into a public private partnership arrangement and, without prejudice to the requirements of the Companies Acts, 1963 to 2001, give written directions to either or both— | |
(a) the State authority concerned, and | ||
(b) where the company has been so formed and registered, the company, | ||
concerning the management, accountability, accounting and financial affairs of such a company and, in relation to such a company that is formed and registered, its participation in the relevant public private partnership arrangement. | ||
(2) In relation to a company that is formed and registered under section 3 (2), an appropriate Minister may, without prejudice to the requirements of the Companies Acts, 1963 to 2001, at any time after the company enters into a public private partnership arrangement, give directions to either or both— | ||
(a) the State authority concerned, and | ||
(b) the company, | ||
concerning matters of policy in relation to the public private partnership arrangement concerned or such arrangements generally. | ||
(3) A State authority and a company shall comply with any directions given under this section. | ||
(4) The appropriate Minister may amend or revoke a direction under this section. |