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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 October 1970 - onwards
Version 2 of 2

54. Exempted person.

The following section is hereby substituted for section 60 of the Principal Act:

"Exempted person.

60.

(1) In this Part of this Act "exempted person" means, subject to subsection (3) of section 78 of this Act -

(a) a board or other body established by or under an Act of the Oireachtas or an Act of the Oireachtas of Saorstát Éireann,

(b) a company (hereinafter referred to as a State-sponsored company) within the meaning of subsection (1) of Section 2 of the Companies Act, 1963, in which the majority of the shares are held by or on behalf of a Minister of State, or

(c) a company within the meaning of subsection (1) of section 2 of the Companies Act, 1963, in which the majority of the ordinary shares are held by a State-sponsored company or a board or other body mentioned in paragraph (a) of this subsection,

in respect of which the Minister has issued a certificate that such board, other body or company is for the time being an exempted person for the purposes of this Act.