Company Law Enforcement Act, 2001
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Amendment of section 201 of Act of 1963. |
92.—Section 201 of the Act of 1963 is amended by the insertion of the following after subsection (6): | |
“(6A) For the avoidance of doubt, nothing in this section or sections 202 to 204 prejudices the jurisdiction of the Irish Takeover Panel under the Irish Takeover Panel Act, 1997 , with respect to a compromise or scheme of arrangement that is proposed between a relevant company (within the meaning of that Act) and its members or any class of them and which constitutes a takeover within the meaning of that Act and, accordingly, the said Panel has, and shall be deemed always to have had, power to make rules under section 8 of the said Act in relation to a takeover of the kind aforesaid, to the same extent and subject to the like conditions, as it has power to make rules under that section in relation to any other kind of takeover. | ||
(6B) The Irish Takeover Panel, in exercising its powers under the Irish Takeover Panel Act, 1997 , and the High Court, in exercising its powers under this section and sections 203 and 204, shall each have due regard to the other's exercise of powers under the said Act or those sections, as the case may be.”. |