Microenterprise Loan Fund Act 2012
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Name and share capital of subsidiary. |
12.— (1) The name of the subsidiary shall be Microfinance Ireland. | |
(2) Paragraph (b) of subsection (1) of section 6 (inserted by section 3 of, and the First Schedule to, the Companies (Amendment) Act 1983 ) of the Act of 1963 shall not apply to the subsidiary. | ||
(3) The authorised share capital of the subsidiary shall be €1 comprising one share of €1 and that share shall be issued by the subsidiary to the Social Finance Foundation. | ||
(4) The Social Finance Foundation shall not, without the consent of the Minister, alienate the share issued to it under subsection (3). |