AI Summary of 2. Interpretation generally
This Act outlines key definitions pertinent to corporate governance, including roles such as the Acting Director of Corporate Enforcement and terms like annual general meeting and annual return. It delineates categories of offences, mandates regarding interest rates, and stipulates the responsibilities of the Corporate Enforcement Authority, reflecting a robust framework for regulatory compliance.
Moreover, terms such as 'holding company' and 'subsidiary' are defined, emphasizing inter-company relations and corporate structures. The legislation facilitates clarity for compliance professionals, establishing a sound basis for enforcement actions and corporate duties across various sectors.
2. Interpretation generally
(1) In this Act -
"Acting Director" means a person appointed under section 948 as the Acting Director of Corporate Enforcement;
"Act of 1963" means the Companies Act 1963;
"Act of 1990" means the Companies Act 1990;
"agent" does not include a person's counsel acting as such;
"amendment", in relation to a constitution, includes an alteration and a deletion;
"annual general meeting" means the meeting provided for in section 175;
"annual return" has the meaning given to it by section 342;
"annual return date" has the meaning given to it by section 343;