Describe the meaning and value of section 40(9) of the Companies Act 2014 and explain whether you consider an amendment of this subsection would be desirable.

Question 2

Instructions & Notes

The maximum word limit is 3,000 words (not including footnotes). This is a firm word limit (i.e there is no extra % allowed).

A bibliography is not necessary.

All answers must be word-processed in an accessible font. Follow the citation and style rules in OSCOLA (Oxford University Standard for Citation of Legal Authorities) Ireland available at
http://legalcitation.ie/wp-content/uploads/2016/04/OSCOLA-Ireland-Quick-Reference-Guide.pdf.

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Describe the meaning and value of section 40(9) of the Companies Act 2014 and explain whether you consider an amendment of this subsection would be desirable.

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