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Irish Telecommunications Investments Limited Act, 1981

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Number 27 of 1981

IRISH TELECOMMUNICATIONS INVESTMENTS LIMITED ACT, 1981

ARRANGEMENT OF SECTIONS

Section

1.

Definitions.

2.

Power of Minister for Finance to take up shares of Company.

3.

Holding and sale by Minister for Finance of shares of Company.

4.

Exercise by Minister for Finance of right or power exercisable by holder of shares of Company.

5.

Disposition of dividends, etc. on shares of Company held by Minister for Finance.

6.

Guarantee by Minister for Finance of borrowings by Company.

7.

Guarantee by Minister for Finance of payment of instalments, etc. by Company.

8.

Restriction on alteration of memorandum or articles of association of Company.

9.

Restriction on issue of shares.

10.

Balance sheet, account and directors' report of Company.

11.

Membership of either House of Oireachtas or European Assembly by directors, officers or servants of Company.

12.

Company to meet its costs from revenue.

13.

Exemption from stamp duty.

14.

Expenses.

15.

Short title.

Acts Referred to

Companies Acts, 1963 and 1977

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Number 27 of 1981

IRISH TELECOMMUNICATIONS INVESTMENTS LIMITED ACT, 1981

AN ACT TO AUTHORISE THE MINISTER FOR FINANCE TO TAKE UP SHARES IN IRISH TELECOMMUNICATIONS INVESTMENTS LIMITED, TO PROVIDE FOR THE GUARANTEEING BY THAT MINISTER OF BORROWINGS AND OTHER MONEYS OWED BY THAT COMPANY AND FOR OTHER CONNECTED MATTERS. [11th November, 1981]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: