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Sugar Manufacture (Amendment) Act, 1982

In short

This law, the Sugar Manufacture (Amendment) Act, 1982, updates previous laws concerning sugar manufacturing by increasing the financial limits related to the company's share capital and government financial support.

What it regulates

  • The maximum share capital of the company.
  • The total amount of shares the Minister can acquire.
  • The aggregate amount of financial commitments (advances, guarantees, and repayments) by the Minister.

Who it concerns

  • The Company involved in sugar manufacture.
  • The Minister (presumably the relevant government minister).
  • Approved subsidiary companies.

Key points

  • The company's share capital can be increased to seventy-five million pounds, divided into seventy-five million shares of one pound each.
  • The total nominal value of shares acquired by the Minister cannot exceed seventy-five million pounds.
  • The combined total of advances, guaranteed principal, and previously paid principal by the Minister cannot exceed seventy-five million pounds.
  • This Act amends and extends the Sugar Manufacture Acts, 1933 to 1973.
Legal text
Legal text

Sugar Manufacture (Amendment) Act, 1982 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1982 Sugar Manufacture (Amendment) Act, 1982 Sugar Manufacture (Amendment) Act, 1982 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 19 of 1982 SUGAR MANUFACTURE (AMENDMENT) ACT, 1982 ARRANGEMENT OF SECTIONS Section 1. Definitions. 2. Amendment of section 2 of Act of 1962. 3. Amendment of section 3 of Act of 1962. 4. Amendment of section 7 of Act of 1962. 5. Short title, collective citation and construction. Acts Referred to Sugar Manufacture (Amendment) Act, 1962 1962, No. 37 Sugar Manufacture (Amendment) Act, 1973 1973, No. 6 Number 19 of 1982 SUGAR MANUFACTURE (AMENDMENT) ACT, 1982 AN ACT TO AMEND AND EXTEND THE SUGAR MANUFACTURE ACTS, 1933 TO 1973. [21st July, 1982] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definitions. 1.—In this Act— “the Act of 1962” means the Sugar Manufacture (Amendment) Act, 1962 ; “the Act of 1973” means the Sugar Manufacture (Amendment) Act, 1973 . Amendment of section 2 of Act of 1962. 2.—Section 2 of the Act of 1962 is hereby amended by the substitution of “seventy-five million pounds divided into seventy-five million shares” for “ten million pounds divided into ten million shares” (inserted by the Act of 1973), and the said section, as so amended, is set out in the Table to this section. TABLE 2.—Notwithstanding anything to the contrary contained in the Principal Act, or the Memorandum or Articles of Association of the Company, it shall be lawful for the Company to increase its share capital to a total of seventy-five million pounds divided into seventy-five million shares of one pound each and for that purpose to make such alterations as may be requisite in the Memorandum and Articles of Association. Amendment of section 3 of Act of 1962. 3.—Section 3 of the Act of 1962 is hereby amended by the substitution of “seventy-five million pounds” for “eight million five hundred thousand pounds” (inserted by the Act of 1973), and the said section, as so amended, is set out in the Table to this section. TABLE 3.—The Minister may from time to time acquire by subscription or purchase any class or classes of shares of the Company or an approved subsidiary company, but the total amount of shares standing so acquired at any one time shall not exceed (in nominal value) seventy-five million pounds. Amendment of section 7 of Act of 1962. 4.—Section 7 of the Act of 1962 is hereby amended by the substitution of “seventy-five million pounds” for “ten million pounds” (inserted by the Act of 1973), and the said section, as so amended, is set out in the Table to this section. TABLE 7.—The aggregate at any one time of— (
  4. a)advances under section 4 of this Act which have not been repaid, (
  5. b)principal which the Minister is liable to repay on foot of any guarantee or guarantees under section 5 of this Act, and (
  6. c)principal which the Minister has previously paid on any such guarantee or guarantees and which has not been repaid by the Company or the approved subsidiary company (as the case may be), shall not exceed seventy-five million pounds. Short title, collective citation and construction. 5.—

(1)This Act may be cited as the Sugar Manufacture (Amendment Act, 1982.
(2)The Sugar Manufacture Acts, 1933 to 1973, and this Act may be cited together as the Sugar Manufacture Acts, 1933 to 1982, and shall be construed together as one Act. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.