Companies Act , capacity of a CLG

jethrothe2nd

I'd really appreciate some help - I am trying to understand part (2) of this extract from the Companies Act, but for the life of me can't figure out where subsection (1) is or what it specifically refers to. Anyone be able to point me to where I find that particular subsection or be able to explain it to me? Thanks so much.

Capacity of a CLG 1182.

(1) A CLG shall have the capacity to do any act or thing stated in the objects set out in its memorandum.

(2) For the purposes of subsection (1)

(a) the reference in it to an object includes a reference to anything stated in the memorandum as being a power to do any act or thing (whether the word “power” is used or not),

(b) if an object is stated in the CLG’s memorandum without the following also being stated in relation to it, the capacity of the CLG extends to doing any act or thing that appears to it to be requisite, advantageous or incidental to, or to facilitate, the attainment of that object and that is not inconsistent with any enactment, and a subsequent reference in this Part to an object of a CLG shall be read accordingly

Victor

https://www.irishstatutebook.ie/eli/2014/act/38/section/1182/enacted/en/html

Where there is a reference to another subsection, it is presumed to be within the same section (in this case 1182) unless otherwise stated.

jethrothe2nd

https://www.boards.ie/discussion/comment/118697455#Comment_118697455

Thank you Victor, that is much appreciated