1. HomeBaile
  2. ActsAchtanna
  3. 1997
  4. Irish Takeover Panel Act, 1997

Irish Takeover Panel Act, 1997

/static/images/base/harp.jpg

Number 5 of 1997

IRISH TAKEOVER PANEL ACT, 1997

ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Relevant company.

3.

The Panel.

4.

Alterations in memorandum and articles of association of Panel.

5.

Objects of Panel.

6.

Directors of Panel.

7.

Duty of Panel to monitor and supervise takeovers, etc.

8.

Rules as respects takeovers, etc.

9.

Power of Panel to make rulings, give directions, etc.

10.

Power of Panel to advise, admonish or censure.

11.

Hearings by Panel.

12.

Applications to Court by Panel in relation to ruling or direction.

13.

Judicial review of certain acts of Panel.

14.

Provisions with respect to appeals, applications, etc.

15.

Effect of Act as respects certain transactions.

16.

Power of Panel to impose charges.

17.

Obligations of professional secrecy.

18.

Saving for privileged information.

19.

Annual report.

20.

Liability of Panel for acts, omissions, etc.

21.

Panel may request certain reports to be furnished to it.

22.

Regulations.

23.

Judicial notice to be taken of seal of Panel.

24.

Service of notices.

25.

Penalties and proceedings.

26.

Expenses.

27.

Short title and commencement.

SCHEDULE

Principles applicable to the Conduct of Takeovers, etc.

Acts Referred to

Companies Act, 1963

1963, No. 33

Companies Act, 1990

1990, No. 33

Companies Acts, 1963 to 1990

Defamation Act, 1961

1961, No. 40

European Communities Act, 1972

1972, No. 27

Mergers, Take-overs and Monopolies (Control) Act, 1978

1978, No. 17

Petty Sessions (Ireland) Act, 1851

1851, c. 93

Stock Exchange Act, 1995

1995, No. 9

/static/images/base/harp.jpg

Number 5 of 1997

IRISH TAKEOVER PANEL ACT, 1997

AN ACT TO PROVIDE FOR THE MONITORING AND SUPERVISION OF TAKEOVERS AND CERTAIN OTHER TRANSACTIONS IN RELATION TO SECURITIES IN CERTAIN COMPANIES, TO SPECIFY THE PRINCIPLES THAT SHALL GOVERN THE CONDUCT OF TAKEOVERS AND OTHER TRANSACTIONS AFORESAID, TO CONFER ON A COMPANY DESIGNATED BY THE MINISTER FOR ENTERPRISE AND EMPLOYMENT FOR THE PURPOSE FUNCTIONS IN RESPECT OF THE MATTERS AFORESAID AND TO PROVIDE FOR RELATED MATTERS. [12th March, 1997]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: