Irish Collective Asset-Management Vehicles Act 2015
33. (1) An ICAV may provide itself with a common seal (but there is no requirement that it shall have such a seal).
(2) An ICAV which has a common seal shall have its name engraved in legible characters on the seal.
(3) A person who is an officer of an ICAV, or a person acting on behalf of an ICAV, commits a category 3 offence by using, or authorising the use of, a seal purporting to be a seal of the ICAV on which its name is not engraved as required by subsection (2).
F13 [ (4) Save as otherwise provided by this Act or by the instrument of incorporation of the ICAV —
(a) an ICAV’s common seal shall be used only by the authority of its directors, or of a committee of its directors authorised by its directors in that behalf, and
(b) any instrument to which an ICAV’s common seal shall be affixed shall be —
(i) signed by a director of it or by some other person appointed for the purpose by its directors or by a foregoing committee of them, and
(ii) be countersigned by the secretary or by a second director of it or by some other person appointed for the purpose by its directors or by a foregoing committee of them. ]
Inserted (1.02.2021) by Investment Limited Partnerships (Amendment) Act 2020 (31/2020), s. 50, S.I. No. 19 of 2021.