← Ireland

ICC Bank (Amendment) Act, 1997

In short

This law amends previous ICC Bank Acts, specifically increasing the borrowing powers and share capital of ICC Bank public limited company. It also requires the company to update its foundational documents to reflect these changes.

What it regulates

Who it concerns

Key points

📄 Legal text
ICC Bank (Amendment) Act, 1997 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.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1997 ICC Bank (Amendment) Act, 1997 ICC Bank (Amendment) Act, 1997 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 Open PDFOscail PDF Print Full ActPriontáil an tAcht Iomlán Number 32 of 1997 ICC BANK (AMENDMENT) ACT, 1997 ARRANGEMENT OF SECTIONS Section 1. Definition. 2. Increase in borrowing powers of Company. 3. Increase of capital of Company. 4. Alteration of memorandum and articles of association of Company. 5. Short title, collective citation and construction. Acts Referred to Companies Acts, 1963 to 1990 ICC Bank Act, 1992 1992, No. 21 ICC Bank Acts, 1933 to 1992 Industrial Credit Act, 1933 1933, No. 25 Industrial Credit (Amendment) Act, 1971 1971, No. 9 Number 32 of 1997 ICC BANK (AMENDMENT) ACT, 1997 AN ACT TO AMEND AND EXTEND THE ICC BANK ACTS, 1933 to 1992. [21st May, 1997] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Definition. 1.—In this Act, “the Company” means ICC Bank public limited company. Increase in borrowing powers of Company. 2.—Paragraph 4 of the Schedule to the Industrial Credit Act, 1933 , is hereby amended by the substitution in clause (i) of subparagraph (d) (inserted by section 5 of the Industrial Credit (Amendment) Act, 1971 ) of “£2,300,000,000” for “£1,300,000,000” (inserted by section 5 of the ICC Bank Act, 1992 ), and the said clause, as so amended, is set out in the Table to this section. TABLE (i) the amount so raised or borrowed and standing unpaid at any particular time shall not exceed £2,300,000,000 less the amount (if any) which the Minister has, under a guarantee or guarantees given by him, paid in respect of the principal of moneys raised or borrowed by the Company and which stands at that time not repaid to the Minister by the Company, Increase of capital of Company. 3.—Notwithstanding anything to the contrary in the ICC Bank Acts, 1933 to 1992, or the memorandum and articles of association of the Company, it shall be lawful for the Company to increase its share capital to a total of £40,000,000 divided into shares of £1 each or such other denominations as shall be in accordance with the memorandum of association of the Company. Alteration of memorandum and articles of association of Company. 4.—The Company shall take such steps as may be necessary under the Companies Acts, 1963 to 1990, to alter its memorandum and articles of association to make them consistent with the ICC Bank Acts, 1933 to 1997. Short title, collective citation and construction. 5.—(1) This Act may be cited as the ICC Bank (Amendment) Act, 1997. (2) The ICC Bank Acts, 1933 to 1992, and this Act may be cited together as the ICC Bank Acts, 1933 to 1997, 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

🔗 To official source

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