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Designated Activity Company
{{unsourced, date=May 2021 A designated activity company ( Irish: ''Cuideachta Ghníomhaíochta Ainmnithe'') or DAC is a form of company in Ireland created by the Companies Act 2014. Like a limited company, designated activity companies have limited liability. Additionally, they may only carry out activities listed in their constitution documents, and so the concept of ultra vires continues to apply to them. Notable DACs include Ryanair Ryanair is an Irish ultra low-cost carrier founded in 1984. It is headquartered in Swords, Dublin, Ireland and has its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family ... and Ulster Bank. Business in Ireland ...
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Irish Language
Irish ( Standard Irish: ), also known as Gaelic, is a Goidelic language of the Insular Celtic branch of the Celtic language family, which is a part of the Indo-European language family. Irish is indigenous to the island of Ireland and was the population's first language until the 19th century, when English gradually became dominant, particularly in the last decades of the century. Irish is still spoken as a first language in a small number of areas of certain counties such as Cork, Donegal, Galway, and Kerry, as well as smaller areas of counties Mayo, Meath, and Waterford. It is also spoken by a larger group of habitual but non-traditional speakers, mostly in urban areas where the majority are second-language speakers. Daily users in Ireland outside the education system number around 73,000 (1.5%), and the total number of persons (aged 3 and over) who claimed they could speak Irish in April 2016 was 1,761,420, representing 39.8% of respondents. For most of recorded ...
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Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea, and St George's Channel. Ireland is the List of islands of the British Isles, second-largest island of the British Isles, the List of European islands by area, third-largest in Europe, and the List of islands by area, twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially Names of the Irish state, named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the Irish population analysis, population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the List of European islan ...
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Companies Act 2014
The Companies Act 2014 (No. 38 of 2014) was signed into law by President Michael D. Higgins on 23 December 2014 to regulate companies under Irish law Law of Ireland or Irish law may refer to: * Early Irish law (Brehon law) of Medieval Ireland * Alternative law in Ireland prior to 1921 * Law of the Republic of Ireland * Law of Northern Ireland The law of Northern Ireland is the legal syste .... It was a consolidating and reforming piece of legislation, incorporating many of the provisions of the previous Companies Act 1963–2012 listed below. Previous Companies Acts To facilitate easy citation of the entire body of law affecting companies, each of the acts prior to 2005 includes a collective citation section which enables them to be collectively cited as "The Companies Acts 1963 - ear of current enactment. The Interpretation Act, 2005 provided that the Companies Acts 1963 to 2001 may be referred to as "The Companies Acts". Legislation enacted subsequent to the Interpret ...
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Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ...
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Ultra Vires
('beyond the powers') is a Latin phrase used in law to describe an act which requires legal authority but is done without it. Its opposite, an act done under proper authority, is ('within the powers'). Acts that are may equivalently be termed "valid", and those that are termed "invalid". Legal issues relating to can arise in a variety of contexts: * Companies and other legal persons sometimes have limited legal capacity to act, and attempts to engage in activities beyond their legal capacities may be . Most countries have restricted the doctrine of in relation to companies by statute. * Similarly, statutory and governmental bodies may have limits upon the acts and activities which they legally engage in. * Subordinate legislation which is purported passed without the proper legal authority may be invalid as beyond the powers of the authority which issued it. Corporate law In corporate law, describes acts attempted by a corporation that are beyond the scope of powers ...
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Ryanair
Ryanair is an Irish ultra low-cost carrier founded in 1984. It is headquartered in Swords, Dublin, Ireland and has its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines and has Ryanair UK, Buzz, Lauda Europe, and Malta Air as sister airlines. It is Ireland's biggest airline and in 2016 became Europe's largest budget airline by scheduled passengers flown, carrying more international passengers than any other airline. Ryanair Group operates more than 400 Boeing 737-800 aircraft, with a single 737-700 used as a charter aircraft, as a backup, and for pilot training. The airline has been characterized by its rapid expansion, a result of the Airline deregulation, deregulation of the aviation industry in Europe in 1997 and the success of its low-cost business model. Ryanair's route network serves 40 countries in Europe, North Africa (Morocco), and the Middle East (Israel, Jordan and Turkey). The c ...
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Ulster Bank
Ulster Bank ( ga, Banc Uladh) is a large retail bank, and one of the traditional Big Four Irish clearing banks. The Ulster Bank Group is subdivided into two separate legal entities: National Westminster Bank, trading as Ulster Bank (registered in England and Wales and operating in Northern Ireland); and Ulster Bank Ireland dac (UBIDAC – registered in the Republic of Ireland). The headquarters of Ulster Bank in the Republic of Ireland are located on George's Quay, Dublin, whilst the headquarters of Ulster Bank Northern Ireland are in Donegall Square East, Belfast, and it maintains a large sector of the financial services in both the UK and the Republic of Ireland. Established in 1836, Ulster Bank was acquired by the London County and Westminster Bank in 1917. As a wholly-owned subsidiary of National Westminster Bank (NatWest), it became part of the Royal Bank of Scotland Group (RBS Group) in 2000. RBS Group was renamed NatWest Group in 2020. However, the Ulster Bank brand is ...
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