Companies Act 2014 section 920

Borrowing

Section 920 deals with the power of the Irish Auditing and Accounting Supervisory Authority to borrow money to fund its planned activities, and the ministerial approvals required.

• The Supervisory Authority may borrow money from time to time to fund activities in its work programme.
• Any borrowing requires the consent of both the Minister and the Minister for Public Expenditure and Reform.
• The Ministers may attach whatever conditions they consider appropriate to the borrowing.
• This provision re-enacts section 14(9) of the Companies (Auditing and Accounting) Act 2003.