Gas Regulation Act 2013

6

Memorandum and articles of association of network company

F4[6. (1) The constitution of the network company shall be in such form, consistent with the Companies Act 2014, this Act, the Gas Act 1976, the Gas (Amendment) and Miscellaneous Provisions Act 2024, and the Natural Gas Directive, as may be approved by the majority-shareholding Minister with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform.

(2) The principal objects of the network company stated in its constitution shall include the ownership and operation of the transmission system and the distribution system in a manner consistent with this Act, the Gas Act 1976, the Gas (Amendment) and Miscellaneous Provisions Act 2024, and the Natural Gas Directive.

(3) Notwithstanding anything contained in the Companies Act 2014, no alteration of the constitution of the network company shall be valid or effectual unless made with the prior approval of the majority shareholding Minister given with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform.]

Annotations

Amendments:

F4

Substituted (1.06.2024) by Gas (Amendment) and Miscellaneous Provisions Act 2024 (11/2024), s. 20(b), S.I. No. 208 of 2024.