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GAZETTE
APRIL 1995
6. Up to 50% of the funds may be
invested in the equity of companies
listed on any Stock Exchange of
the European Community, The
New York Stock Exchange, or the
Tokyo Stock Exchange, where the
market capitalisation of the
company exceeds the equivalent of
IR£600 million at the time of the
investment, limited to not more
than 10% of the funds in any one
such qualifying company.
Notwithstanding the limitation on
investment in any qualifying company
in pursuance with the foregoing
provisions, trustees shall be entitled to
take up any bonus or rights issue
accruing to such investment.
GIVEN under the Common Seal of
the Commissioners of Charitable
Donations and Bequests for Ireland.
This 15th day of November 1994.
Wills Con t a i n i ng Ch a r i t a b le
Beques ts
Section 52 of the Charities Act, 1961
as amended by Section 16 of the
Charities Act, 1973
The following is a notice received
from the Commissioners of Charitable
Donations and Bequests for Ireland
concerning the Commissioners role
and practice in relation to the
examination of wills containing
charitable bequests.
Practitioners are referred to the Notice
which appeared in the June, 1993
issue of the
Gazette
concerning the
revised Probate Office practice for
dealing with charitable bequests
whereby solicitors applying for Grants
of Probate of any Will containing a
charitable bequest are asked to lodge a
simple summary form with that office
supplying details of all such charitable
bequests. These forms are transmitted
to the Office of the Commissioners
of Charitable Donations and
Bequests for Ireland where they are
examined.
Under Section 16 of the Charities Act,
1973 a general exemption from
publication is given unless the Board
require publication to be made in any
particular case.
As an alternative to the requirement
for publication the Board may ask for
evidence showing payment of a
charitable bequest, or in the case of
deferred or contingent bequest a letter
of awareness from the charity
concerned.
Practitioners are advised that failure
to comply with their particular
requirements will result in the
Commissioners taking the appropriate
action.
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- The Western Law Gazette
SPRING 1995 ISSUE NOW OUT
Includes essays by: -
- Lyndon McCa nn on Minority Shareholder
Protection;
- Thomas Cour t ney on Mareva
Injunctions in Personal Injuries Actions;
- Dr. Michael Fo r de on the
State Action
question;
- Dr. Eamonn Hall on Freedom of Speech
and the S. 31 Order;
- Dr. Ge r a rd Qu i nn on Political Obligation
and the "Rule of Law".
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