PART II.

Change of name of the Company and extension of its objects.

3. —(1) The name of the Company shall, on the passing of this Act, stand, by virtue of this section, changed to that of Ceimicí, Teoranta.

(2) The registrar of companies shall, on the application of the Company, enter the new name of the Company on the register in place of the former name, and shall issue a certificate of incorporation altered to meet the circumstances of the case.

(3) The change of the name of the Company effected by this section shall not affect any rights or obligations of the Company or render defective any legal proceedings by or against the Company, and any legal proceedings that might have been continued or commenced against it by its former name may be continued or commenced against it by its new name.

4. —(1) Paragraph 2 of the Schedule to the Principal Act is hereby amended by the substitution of the following subparagraph for subparagraph (c), that is to say—

“(c) that the principal objects of the Company shall include—

(i) the manufacture, refining and sale of industrial alcohol and products and derivatives thereof, and

(ii) the making, aiding or subsidising of experiments, investigations, researches and tests in relation to the possibilities of the manufacture of any substance, all or any portion of which is produced or obtained by chemical process, and

(iii) the manufacture and sale of any substance, all or any portion of which is produced or obtained by chemical process.”

(2) At any time after the passing of this Act, the Company may, with the approval of the Minister for Finance, given after consultation with the Minister, so alter its memorandum of association as to extend its objects in conformity with the amendment effected by subsection (1) of this section, and section 17 of the Principal Act shall not apply in respect of such alteration.

(3) Section 9 of the Companies (Consolidation) Act, 1908, shall not apply in respect of any alteration authorised by this section to be made by the Company in its memorandum of association, and in lieu thereof it is hereby enacted that every such alteration may be made by extraordinary resolution, as defined by section 69 of the said Act, and that, in addition to complying with section 70 of the said Act, the Company shall, within the time mentioned in the said section 70, deliver to the registrar of companies a printed copy of the memorandum as so altered and the said registrar shall register it and certify the registration under his hand, and such certificate shall be conclusive evidence that all the requirements of the said Act, as amended by this subsection with respect to such alteration, have been complied with and thenceforth the memorandum as so altered shall be the memorandum of the Company.