Companies Act 2014

915.

Application of money received by Supervisory Authority

915. (1) The Supervisory Authority shall not use the money received by it under this Chapter except for the purpose of meeting expenses properly incurred by it in performing its functions under this Chapter.

(2) F267 [ Subject to subsection (3) , the Supervisory Authority ] may use money set aside for or paid into the reserve fund in accordance with section 919 only for the purpose of meeting expenses incurred by it in performing its functions under section 933 and may not use any other money received by it for that purpose.

F268 [ (3) The Supervisory Authority may use money referred to in subsection (2) that comprises any part of any money paid to the Supervisory Authority pursuant to section 934C(2)(g) only for the purpose of meeting expenses incurred by it in undertaking an investigation under section 934 . ]

Annotations:

Amendments:

F267

Substituted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 22(a), S.I. No. 366 of 2018.

F268

Inserted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 22(b), S.I. No. 366 of 2018.