As Ann Déscrolláil
Cuir Déscrolláil ar siúl chun an dá leagan a scrolláil le chéile.
Number 25 of 1933.
INDUSTRIAL CREDIT ACT, 1933.
ARRANGEMENT OF SECTIONS
Number 25 of 1933.
INDUSTRIAL CREDIT ACT, 1933.
Definition.
1.—In this Act the expression “the Minister” means the Minister for Finance.
Formation and registration of the Industrial Credit Company, Limited.
2.—Immediately upon the passing of this Act the Minister shall take all such steps as appear to him to be necessary or desirable to procure that a limited company (in this Act referred to as the Company) conforming to the conditions laid down in the Schedule to this Act shall be formed and registered in Saorstát Eireann under the Companies Acts, 1908 to 1924.
Loan to Company to pay expenses of formation.
3.—(1) The Minister may out of moneys provided by the Oireachtas lend to the Company upon such terms and conditions as to time and manner of repayment, rate of interest, security and other matters whatsoever as he shall think proper, a sum not exceeding fifteen thousand pounds.
(2) Any moneys lent to the Company under this section shall be applied by the Company in or towards paying the expenses of the promotion, formation and registration of the Company and the other preliminary expenses of the Company, and for no other purposes.
(3) All sums paid to the Minister by the Company in or towards repayment of any moneys lent to the Company under this section or in payment of the interest on such moneys shall be paid into the Exchequer.
Issue of share capital of the Company.
4.—No issue of the share capital of the Company (other than share capital issued to subscribers of the Memorandum of Association of the Company) shall be made at any time, unless the Minister, after consultation with the Minister for Industry and Commerce, has authorised such issue.
Underwriting by the Minister of issue of shares.
5.—The Minister may, subject to such conditions as he may think fit, agree with the Company that, if any shares in the Company about to be offered at any time for subscription are not within a specific time taken up by the public, he will take up and pay for such shares or some specified proportion thereof.
Charge of moneys on the Central Fund.
6.—(1) All moneys from time to time required to meet payments required to be made by the Minister to the Company in respect of any shares taken up by him under this Act shall be charged on and paid out of the Central Fund or the growing produce thereof.
(2) For the purpose of providing money for the sums charged on the Central Fund by this section the Minister may borrow from any person and the Bank of Ireland may advance to the said Minister any sum or sums to meet the sums charged on the Central Fund or the growing produce thereof by this section, and for the purpose of such borrowing the Minister may create and issue securities bearing such rate of interest, and subject to such conditions as to repayment, redemption or otherwise as he shall think fit.
(3) The principal and interest of any securities issued under this section and the expenses incurred in connection with the issue of such securities shall be charged on the Central Fund or the growing produce thereof.
(4) Any money raised by securities issued under this section shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which such Fund is available.
Payment of dividends etc. into the Exchequer.
7.—All dividends, bonus and other moneys received by the Minister in respect of shares of the Company held by him shall be paid into the Exchequer.
Powers of the Minister as shareholder.
8.—The Minister may, so long as he holds any of the shares of the Company, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares, and where such rights or powers are exercisable by attorney the Minister may, if he so thinks proper, exercise such rights or powers by his attorney.
Powers of Minister in respect of shares held by him.
9.—(1) The Minister may hold for so long as he thinks fit the shares of the Company subscribed for by him under this Act and may as and when he thinks fit sell all or any of such shares.
(2) The net proceeds of every sale by the Minister of shares of the Company held by him shall be paid into the Exchequer.
Alteration of Memorandum and Articles of Association of the Company.
10.—Notwithstanding anything contained in the Companies Acts, 1908 to 1924, no alteration in the Memorandum of Association or Articles of Association of the Company which is, while the Minister holds any shares of the Company, made without the previous approval of the Minister after consultation by him with the Minister for Industry and Commerce, shall be valid and effective.
Obligation to furnish balance sheets, etc., to the Minister.
11.—(1) The Company shall within ninety days after the end of every accounting year furnish to the Minister a balance sheet for such accounting year duly audited by the auditor of the Company and also a profit and loss account for the same accounting year similarly audited.
(2) The balance sheet and profit and loss account to be furnished as aforesaid shall be drawn up in such manner as shall be prescribed by regulations made under this section, and such balance sheet shall contain (in addition to any matter required by such regulations) a summary of the capital, assets and liabilities of the Company together with such particulars as will disclose the nature of such assets and liabilities and the manner in which the value of the assets was arrived at.
(3) The Company shall on demand furnish to the Minister such explanations as the Minister shall think proper to require in respect of any balance sheet or profit and loss account furnished pursuant to this section.
(4) A copy of every balance sheet and profit and loss account furnished to the Minister pursuant to this section shall be laid by him before each House of the Oireachtas within one month after such balance sheet and profit and loss account are so furnished to him.
(5) If the Company makes default in complying with any of the provisions of this section, the Company and every director, manager, and other officer of the Company, who knowingly and wilfully authorised or permitted such default, shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding five pounds for every day during which the default continues.
(6) The Minister may by order make regulations prescribing any matter referred to in this section as prescribed by regulations made under this section.
Short title.
12.—This Act may be cited as the Industrial Credit Act, 1933.
SCHEDULE.
Conditions to which the Company is to Conform.
1. The Memorandum and Articles of Association of the Company shall be subject to the approval of the Minister after consultation by him with the Minister for Industry and Commerce.
2. The Memorandum of Association of the Company shall provide—
(a) that the name of the Company shall be the Industrial Credit Company, Limited;
(b) that the registered office of the Company shall be situate in Dublin;
(c) that the principal objects of the Company shall include the acquisition, underwriting, holding, selling and otherwise dealing of or with shares, stocks, debentures, and other securities issued by any company, registered in Saorstát Eireann under the Companies Acts, 1908 to 1924, whose principal object is the carrying on in Saorstát Eireann of any trade or industry, and shall also include the lending or advancing money upon such security as the directors of the Company may think proper to any person engaged in or proposing to engage in Saorstát Eireann in any trade or industry for the purposes of establishing, carrying on, or extending such trade or industry;
(d) that the liability of the members of the Company shall be limited;
(e) that the amount of the share capital of the Company shall be five million pounds which shall be divided into shares of one pound each or such other denomination or such denominations as shall be specified in the said Memorandum.
3. The Articles of Association of the Company shall specify the number of directors (including the chairman) of the Company and the number so specified shall be seven or five.
4. The Articles of Association of the Company shall provide—
(a) that, so long as the Minister holds not less than one half (in nominal value) of the issued shares of the Company—
(i) in case the number of the directors of the Company is seven, four of the said directors shall be nominated by the Minister from time to time as occasion requires,
(ii) in case the number of directors of the Company is five, three of the said directors shall be nominated by the Minister from time to time as occasion requires,
(iii) the Chairman of the directors shall be nominated from time to time by the Minister from amongst the directors nominated by him;
(b) that there shall be a managing director of the Company, and, subject to the next following sub-paragraph, the directors of the Company shall from time to time appoint one of their body to be managing director of the Company;
(c) that the first managing director of the Company shall be such one of the directors of the Company as the Minister may appoint and shall hold the office of managing director for such period, not exceeding five years, on such terms, and subject to such conditions as the Minister may direct;
(d) that the Company shall have power for the purposes of the Company to raise money by means of debentures, subject however as follows:—
(i) the amount so raised shall not exceed at any time the paid up share capital of the Company, and
(ii) the said power shall not, without the consent of the Minister, be exercisable at any time while the Minister holds more than one-fifth (in nominal value) of the issued shares of the Company;
(e) that, so long as the Minister holds any shares of the Company, no person shall be capable of being appointed auditor of the Company unless the approval of the Minister to the nomination of such person to the office of auditor has been given.
Uimhir 25 de 1933.
ACHT CÁIRDE TIONNSCAIL, 1933.
Míniu.
1.—San Acht so cialluíonn an abairt “an tAire” an tAire Airgid.
An Chuideachta Cháirde Thionnscail, Teoranta, do bhunú agus do chlárú.
2.—Díreach ar an Acht so do rith déanfaidh an tAire gach ní is dóich leis is gá no is maith chun a thabhairt chun críche cuideachta theoranta (dá ngairmtear an Chuideachta san Acht so) bheidh do réir na gcoinníoll atá leagtha síos sa Sceideal a ghabhann leis an Acht so do bhunú agus do chlárú i Saorstát Éireann fé sna hAchtanna Cuideachtan, 1908 go 1924.
Iasacht don Chuideachtain chun costaisí a bunuithe d'íoc.
3.—(1) Amach as airgead a sholáthróidh an tOireachtas féadfaidh an tAire suim nách mó ná cúig mhíle déag púnt do thabhairt ar iasacht don Chuideachtain ar pé téarmaí agus coinníollacha, is ceart dar leis, maidir le ham agus modh aisíoctha, le ráta úis, le hurrús agus le nithe eile ar bith.
(2) Aon airgead do bhéarfar ar iasacht don Chuideachtain fén alt so déanfaidh an Chuideachta é do chur chun no mar chabhair chun íoctha na gcostaisí bhainfidh leis an gCuideachtain do chur ar aghaidh, do bhunú agus do chlárú agus chun no mar chabhair chun íoctha costaisí tosaigh eile na Cuideachtan agus ní chun crícheanna ar bith eile.
(3) Íocfar isteach sa Stát-Chiste na suimeanna uile íocfaidh an Chuideachta leis an Aire chun no mar chabhair chun aisíoctha aon airgid do tugadh ar iasacht don Chuideachtain fén alt so no chun íoctha an úis ar an airgead san.
Scair-chaipital leis an gCuideachtain do thabhairt amach.
4.—Ní tabharfar amach aon scair-chaipital leis an gCuideachtain (seachas scair-chaipital do bhéarfar amach do lucht sighnithe Mhemorandum Comhlachais na Cuideachtan) uair ar bith mara ndeinidh an tAire, tar éis do dul i gcomhairle leis an Aire Tionnscail agus Tráchtála, an tabhairt-amach san d'údarú.
An tAire do dhul in urrús ar scaireanna do cheannach.
5.—Féadfaidh an tAire, fé réir pé coinníollacha is oiriúnach leis, a chó-aontú leis an gCuideachtain, i gcás aon scaireanna sa Chuideachtain a beifear chun a thairiscint uair ar bith chun a gceannaithe do bheith gan tógaint ag an bpuiblíocht laistigh d'aimsir áirithe, go dtógfaidh na scaireanna san no cion éigin áirithe dhíobh agus go n-íocfaidh as an gcéanna.
Airgead do bheith ina mhuirear ar an bPrímh-Chiste.
6.—(1) Is ar an bPrímh-Chiste no ar a thoradh fáis a bheidh muirear agus íoc an airgid uile theastóidh o am go ham chun íocaíochtaí do dhéanamh is gá don Aire do dhéanamh leis an gCuideachtain alos aon scaireanna thógfaidh fén Acht so.
(2) Chun airgid do chur ar fáil i gcóir na suimeanna cuirtear ina muirear ar an bPrímh-Chiste leis an alt so féadfaidh an tAire aon tsuim no suimeanna d'fháil ar iasacht o aon duine, agus féadfaidh Banc na hÉireann an céanna do roimh-íoc leis an Aire sin, chun íoctha na suimeanna cuirtear ina muirear ar an bPrímh-Chiste no ar a thoradh fáis leis an alt so, agus chun críche na hiasachta san féadfaidh an tAire urrúis do bhunú agus do thabhairt amach ar pé ráta úis agus fé pé coinníollacha i dtaobh aisíoca, fuascailte no einní eile is oiriúnach leis.
(3) Is ar an bPrímh-Chiste no ar a thoradh fáis a bheidh muirear colna agus úis aon urrús do bhéarfar amach fén alt so agus muirear na gcostaisí fé n-a raghfar i dtaobh tabhairt-amach na n-urrús san.
(4) Aon airgead a gheobhfar de bharr urrús do bhéarfar amach fén alt so cuirfear chun creidiúna do chuntas an Stát-Chiste é agus beidh sé ina chuid den Phrímh-Chiste agus beidh sé ar fáil in aon tslí na mbeidh an Ciste sin ar fáil.
Dividenda, etc., d'íoc isteach sa Stát-Chiste.
7.—Íocfar isteach sa Stát-Chiste gach dividendum, bonus agus airgead eile do gheobhaidh an tAire alos scaireanna leis an gCuideachtain a bheidh ar seilbh aige.
Comhachta an Aire mar scaireánach.
8.—Féadfaidh an tAire, faid a bheidh i seilbh aon choda de scaireanna na Cuideachtan, feidhmiú do dhéanamh ar gach ceann no ar aon cheann de sna cirt agus de sna comhachta is infheidhmithe o am go ham ag sealbhóir na scaireanna san, agus i gcás na gceart no na gcomhacht san do bheith infheidhmithe tré atúrnae féadfaidh an tAire, más dóich leis san do bheith ceart, na cirt no na comhachta san d'fheidhmiú tré n-a atúrnae.
Comhacht an Aire maidir le scaireanna bheidh ar seilbh aige.
9.—(1) Féadfaidh an tAire na scaireanna leis an gCuideachtain a bheidh ceannuithe aige fén Acht so do choimeád chó fada agus is oiriúnach leis é agus féadfaidh na scaireanna san uile no aon chuid acu do dhíol fé mar agus nuair is oiriúnach leis é.
(2) Déanfar, gach uair a dhíolfaidh an tAire scaireanna leis an gCuideachtain a bheidh ar seilbh aige, sochar glan an díola san d'íoc isteach sa Stát-Chiste.
Memorandum agus Airtiogail Chomlachais na Cuideachtan d'atharú.
10.—D'ainneoin éinní atá sna hAchtanna Cuideachtan, 1908 go 1924, ní bheidh aon atharú déanfar i Memorandum Comhlachais no in Airtiogail Chomhlachais na Cuideachtan dleathach ná éifeachtúil más le linn aon scaireanna leis an gCuideachtain do bheith ar seilbh ag an Aire a déanfar é mara bhfuighfear aontú roimh ré ón Aire tar éis do dul i gcomhairle leis an Aire Tionnscail agus Tráchtála.
E bheith mar oblagáid cuntaisí cothromaíochta, etc., do thabhairt don Aire.
11.—(1) Bhéarfaidh an Chuideachta don Aire, laistigh de nócha lá tar éis deireadh gach bliana cuntasaíochta, cuntas cothromaíochta in aghaidh na bliana cuntasaíochta san agus fós cuntas sochair agus dochair in aghaidh na bliana cuntasaíochta céanna agus an dá chuntas san iniúchta go cuibhe ag iniúchóir na Cuideachtan.
(2) An cuntas cothromaíochta agus an cuntas sochair agus dochair do bhéarfar mar adubhradh déanfar amach iad ar pé slí bheidh orduithe le rialacháin ar n-a ndéanamh fén alt so, agus beidh sa chuntas chothromaíochta san (i dteanta éinní is gá do réir na rialachán san do bheith ann) achmaireacht ar chaipital, ar shócmhainní, agus ar fhiachaisí na Cuideachtan, maraon leis na mion-innste sin is gá chun a thaisbeáint cadé an saghas na sócmhainní agus na fiachaisí sin agus conus a rinneadh amach luach na sócmhainní.
(3) Bheárfaidh an Chuideachta don Aire, ar san d'éileamh, pé mínithe is dóich leis an Aire is ceart d'iarraidh maidir le haon chuntas cothromaíochta na cuntas sochair agus dochair do tugadh do do réir an ailt seo.
(4) Déanfaidh an tAire cóip de gach cuntas cothromaíochta agus de gach cuntas sochair agus dochair do bhéarfar do do réir an ailt seo do leagadh fé bhráid gach Tighe den Oireachtas laistigh de mhí tar éis an chuntais chothromaíochta agus an chuntais shochair agus dhochair sin do thabhairt do amhlaidh.
(5) Má thugann an Chuideachta faillí maidir le déanamh do réir aon cheann d'fhorálacha an ailt seo, beidh an Chuideachta agus fós gach stiúrthóir, bainisteoir agus oifigeach eile don Chuideachtain a rinne go feasach agus go toiliúil an fhaillí sin d'údarú no do cheadú ciontach i gcionta fén alt so agus ar a gciontú ann ar an slí achmair dlighfear fíneáil ná raghaidh thar cúig púint do chur ortha in aghaidh gach lae leanfaidh an fhaillí.
(6) Féadfaidh an tAire le hordú rialacháin do dhéanamh ag ordú éinní dá dtagartar san alt so mar ní bheidh orduithe le rialacháin ar n-a ndéanamh fén alt so.
Gearr-theideal.
12.—Féadfar an tAcht Cáirde Tionnscail, 1933, do ghairm den Acht so.
SCEIDEAL.
Coinniollacha go nDeanfaidh an Chuideachta da Reir.
1. Ní mór aontú an Aire, tar éis do dul i gcomhairle leis an Aire Tionnscail agus Tráchtála, d'fháil le Memorandum agus Airtiogail Chomhlachais na Cuideachtan.
2. Forálfar le Memorandum Comhlachais na Cuideachtan—
(a) gurb é ainm a bheidh ar an gCuideachtain ná Cuideachta an Cháirde Thionnscail, Teoranta;
(b) gur i mBaile Atha Cliath a bheidh oifig chláruithe na Cuideachtan;
(c) go mbeidh ar phríomh-chuspóirí na Cuideachtan dul in urrús ar scaireanna, stuic, debentiúirí, agus urrúis eile do cheannach, do bhéarfaidh aon Chuideachta amach a bheidh cláruithe i Saorstát Éireann fé sna hAchtanna Cuideachtan, 1908 go 1924, agus dar príomh-chuspóir bheidh ag gabháil d'aon chéird no tionnscal i Saorstát Éireann, agus an céanna d'fháil, do shealbhú, agus do dhíol, agus deighleáil leo ar shlí eile agus beidh ar na príomh-chuspóirí sin freisin airgead, ar pé urrús is ceart dar le stiúrthóirí na Cuideachtan, do thabhairt ar iasacht do dhuine ar bith no do roimh-íoc le duine ar bith a bheidh ag gabháil no chun bheith ag gabháil d'aon chéird no tionnscal i Saorstát Éireann chun na céirde no an tionnscail sin do bhunú, do bheith ar siúl aige, no do leathnú;
(d) go mbeidh teora le fiachas ball na Cuideachtan;
(e) gur cúig milleoin púnt a bheidh mar scair-chaipital ag an gCuideachtain agus go mbeidh san roinnte ina scaireanna de phúnt an scair no de pé méid eile no de pé méideanna luadhfar sa Mhemorandum san.
3. Luadhfar in Airtiogail Chomhlachais na Cuideachtan líon stiúrthóirí na Cuideachtan (agus an cathaoirleach d'áireamh ar an líon san) agus isé líon a luadhfar amhlaidh ná seachtar no cúigear.
4. Forálfar le hAirtiogail Chomhlachais na Cuideachtan—
(a) faid a bheidh an tAire i seilbh leath ar a laighead (in ainm-luach) de sna scaireanna leis an gCuideachtain a bheidh tugtha amach go ndéanfaidh an tAire—
(i) i gcás gur seachtar is líon do stiúrthóirí na Cuideachtan, ceathrar de sna stiúrthóirí sin d'ainmniú o am go ham fé mar is gá,
(ii) i gcás gur cúigear is líon do stiúrthóirí na Cuideachtan, triúr de sna stiúrthóirí sin d'ainmniú o am go ham fé mar is gá,
(iii) Cathaoirleach na stiúrthóirí d'ainmniú o am go ham as líon na stiúrthóirí bheidh ainmnithe ag an Aire féin;
(b) go mbeidh stiúrthóir bainisteoireachta ar an gCuideachtain agus, fé réir na céad fo-mhíre ina dhiaidh seo, go ndéanfaidh stiúrthóirí na Cuideachtan duine dá líon do cheapadh o am go ham mar stiúrthóir bainisteoireachta ar an gCuideachtain;
(c) gurb é bheidh mar chéad stiúrthóir bainisteoireachta ar an gCuideachtain ná an duine sin de stiúrthóirí na Cuideachtan a cheapfaidh an tAire, agus go mbeidh an duine sin i seilbh oifige mar stiúrthóir bainisteoireachta ar feadh pé tréimhse, nách sia ná cúig bliana, agus ar pé téarmaí, agus fé réir pé coinníollacha ordóidh an tAire;
(d) go mbeidh comhacht ag an gCuideachtain airgead do chruinniú, tré dhebentiúirí, chun crícheanna na Cuideachtan, ach san fé réir na nithe seo leanas:—
(i) nách mó aon uair an méid a cruinneofar amhlaidh ná scair-chaipital íoctha na Cuideachtan, agus
(ii) ná beidh an chomhacht san, gan toiliú an Aire, infheidhmithe aon uair faid bheidh an tAire i seilbh níos mó ná an cúigiú cuid (in ainm-luach) de sna scaireanna leis an gCuideachtain a bheidh tugtha amach;
(e) faid a bheidh aon scaireanna leis an gCuideachtain ar seilbh ag an Aire, nách féidir duine ar bith do cheapadh mar iniúchóir don Chuideachtain mara mbeidh aontuithe ag an Aire leis an duine sin d'ainmniú chun oifige mar iniúchóir.