Water Services Act 2013
Name and share capital of subsidiary.
5.— F6[(1) The company formed and registered under the Companies Acts in accordance with section 4, known in the Irish language as Uisce Éireann and in the English language as Irish Water, shall be known, on and from the day immediately before the appointed day, only as its name in the Irish language, Uisce Éireann.]
F7[(1A) Uisce Éireann is the national authority for water services with responsibility for the functions assigned to it by or under the Water Services Acts 2007 to 2022.
(1B) Subsections (1) to (3) of section 969 of the Act of 2014 shall not apply to Uisce Éireann.]
(2) F8[…]
(3) The F9[constitution] of F10[Uisce Éireann] shall not specify an authorised share capital that differs from such amount as may be determined by the Minister, with the consent of F8[…] the Minister for Public Expenditure and Reform.
F7[(3A) On the appointed day, Uisce Éireann shall issue—
(a) one share to the Minister, and
(b) 99 shares to the Minister for Public Expenditure and Reform.
(3B) Uisce Éireann may, from time to time, with the prior consent of the Minister, issue to that Minister or to the Minister for Public Expenditure and Reform such number of shares as may be agreed upon, and are subscribed for, by that Minister of the Government.
(3C) No consideration shall be payable by the Minister or the Minister for Public Expenditure and Reform in respect of shares issued under subsection (3A).
(3D) The whole of the issued share capital of Uisce Éireann shall be held by the Minister and the Minister for Public Expenditure and Reform.
(3E) Subject to subsection (3F), the Minister and the Minister for Public Expenditure and Reform, may, in respect of the shares in Uisce Éireann for the time being held by either of them, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares.
(3F) The Minister or the Minister for Public Expenditure and Reform shall not alienate the shares issued to him or her under subsections (3A) or (3B), as the case may be.]
(4) F8[…]
(5) F8[…]
(6) F8[…]
Annotations
Amendments:
F6
Substituted (16.12.2022 with effect from 31.12.2022) by Water Services (Amendment) Act 2022 (39/2022), s. 9(a), S.I. No. 678 of 2022, art. 3(b). See also Water Services (Amendment) Act 2022 (Appointed Day) Order 2022 (S.I. No. 682 of 2022).
F7
Inserted (1.01.2023) by Water Services (Amendment) Act 2022 (39/2022), s. 9(b), (e), S.I. No. 678 of 2022, art. 4(b). See also Water Services (Amendment) Act 2022 (Appointed Day) Order 2022 (S.I. No. 682 of 2022).
F8
Deleted (1.01.2023) by Water Services (Amendment) Act 2022 (39/2022), ss. 9(c), (d)(ii), (f), S.I. No. 678 of 2022, art. 4(b).
F9
Substituted (1.01.2023) by Water Services (Amendment) Act 2022 (39/2022), s. 9(d)(i), S.I. No. 678 of 2022, art. 4(b).
F10
Substituted (31.12.2022) by Water Services (Amendment) Act 2022 (39/2022), s. 5(2)(b), S.I. No. 678 of 2022, art. 3(b). See also Water Services (Amendment) Act 2022 (Appointed Day) Order 2022 (S.I. No. 682 of 2022).
Editorial Notes:
E2
Shares issued under subs. (4) cancelled (1.01.2023) by Water Services (Amendment) Act 2022 (39/2022), s. 6(2)(a), S.I. No. 678 of 2022, art. 3(b). See also Water Services (Amendment) Act 2022 (Appointed Day) Order 2022 (S.I. No. 682 of 2022).
E3
Previous affecting provision: subs. (1) amended (16.12.2022 with effect from 31.12.2022) by Water Services (Amendment) Act 2022 (39/2022), s. 5(2)(b), S.I. No. 678 of 2022, art. 3(b); substituted as per F-note above.
E4
Previous affecting provision: subs. (2) amended (16.12.2022 with effect from 31.12.2022) by Water Services (Amendment) Act 2022 (39/2022), s. 5(2)(b), S.I. No. 678 of 2022, art. 3(b); deleted as per F-note above.
E5
Previous affecting provision: subs. (6) substituted (1.01.2014) by Water Services (No. 2) Act 2013 (50/2013), s. 46(a), S.I. No. 575 of 2013; deleted as per F-note above.