National Tourism Development Authority Act 2003

Power to establish, or acquire, hold or dispose of shares in, companies.

10

10.—(1) For the purposes of performing any one or more of its functions, the Authority may, with the consent of the Minister and the Minister for Finance, either alone or jointly with another person, cause such one or more companies to be formed and registered under—

( a) the Companies Acts 1963 to 2001, or

( b) the laws of a place other than the State,

as it considers appropriate, whether or not the company is a subsidiary of the Authority.

(2) The Authority may, for the purposes specified in subsection (1) , and with the consent of the Minister and the Minister for Finance, acquire or hold shares or any other interest in, or become a member of, a company formed and registered under—

( a) the Companies Acts 1963 to 2001, or

( b) the laws of a place other than the State.

(3) The memorandum and articles of association of a company to which subsection (1) or (2) applies shall be in such form consistent with this Act as may be determined by the Authority, with the consent of the Minister and the Minister for Finance.

(4) The Authority may dispose of shares or any other interest in a company to which this section applies.

Annotations:

Modifications (not altering text):

C4

Functions transferred and references to “Department of Finance” and “Minister for Finance” construed (29.07.2011) by Finance (Transfer of Departmental Administration and Ministerial Functions) Order 2011 (S.I. No. 418 of 2011), arts. 2, 3(a), 5 and sch. 1 part 2, in effect as per art. 1(2).

2. (1) The administration and business in connection with the performance of any functions transferred by this Order are transferred to the Department of Public Expenditure and Reform.

(2) References to the Department of Finance contained in any Act or instrument made thereunder and relating to the administration and business transferred by paragraph (1) shall, on and after the commencement of this Order, be construed as references to the Department of Public Expenditure and Reform.

3. The functions conferred on the Minister for Finance by or under the provisions of –

( a) the enactments specified in Schedule 1, and

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are transferred to the Minister for Public Expenditure and Reform.

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5. References to the Minister for Finance contained in any Act or instrument under an Act and relating to any functions transferred by this Order shall, from the commencement of this Order, be construed as references to the Minister for Public Expenditure and Reform.

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Schedule 1

Enactments

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Part 2

1922 to 2011 Enactments

Number and Year

Short Title

Provision

(1)

(2)

(3)

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No. 10 of 2003

National Tourism Development Authority Act 2003

Sections 7(2), 9, 10, 23(6), 24, 26, 27 and 30

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