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Designated Investment Funds Act, 1985

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Number 16 of 1985

DESIGNATED INVESTMENT FUNDS ACT, 1985

ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Designated investment fund not unit trust.

3.

Requirements regarding trustees under scheme establishing designated investment fund.

4.

Prospectus.

5.

Issuing, publishing or circulation of certain documents relating to designated investment funds restricted.

6.

Trustees of designated investment funds required to enter into specified agreement prior to investing moneys of fund in private companies.

7.

Withdrawal of approval under section 5.

8.

Subscriptions to designated investment funds to be accepted on and subject to terms and conditions specified in prospectus.

9.

Expenses.

10.

Short title and collective citation.

Acts Referred to

Companies Act, 1963

1963, No. 33

Companies Acts, 1963 to 1982

Companies Acts, 1963 to 1983

Companies (Amendment) Act, 1983

1983, No. 13

Unit Trusts Act, 1972

1972, No. 17

Finance Act, 1984

1984, No. 9

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Number 16 of 1985

DESIGNATED INVESTMENT FUNDS ACT, 1985

AN ACT TO MAKE FURTHER PROVISION REGARDING FUNDS DESIGNATED FOR THE PURPOSES OF CHAPTER III OF PART I OF THE FINANCE ACT, 1984 , BY THE REVENUE COMMISSIONERS. [16th July, 1985]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: