(1) The name of the company shall be Údarás Eitlíochta na hÉireann or, in the English language, The Irish Aviation Authority.
(2) The authorised share capital of the company shall be such amount as may be determined from time to time by the Minister for Finance, after consultation with the Minister, divided into shares of one pound each.
(3) Section 6(1)(b) of the Companies Act, 1963, shall not apply to the company.