Section 30, s. 191(2) and s. 198(4) of Companies Acts 2014 states that a company may, by special resolution, with the approval by the Registrar of Companies signified in writing, change its name.
One of the most common changes in a company is the appointment or resignation of a director or the company secretary. Even though it appears to a straight forward process it should be completed correctly and is more than simply filing a B10 form.
One of the first steps in setting up a company will be to select an appropriate company type. The activities of the company will determine the most appropriate company type.
A foreign limited company registered abroad may register a branch in the State. Any company that is registered abroad and establishes a branch in the State must register with the Registrar of Companies within 30 days of establishment of the branch in the State.
Every company is required to have a common seal that shall state the company’s name, engraved in legible characters.
At least one of the directors of a company is required to be resident in a member State of the European Economic Area (EEA). However having an EEA-resident alternate director does not satisfy this requirement. This will become an important requirement post Brexit.
A company may acquire its own shares from an existing shareholder by purchase, or in the case of redeemable shares, by redemption or purchase. A company may redeem or buyback its shares to one issued share and the 10% rule that was in the old Companies Act no longer applies.
With the implementation of the Companies Act 2014, everyone has had to upskill their knowledge of Company Law. At CLS we have been studying and dissecting the Act so that we can provide you and your firm with the necessary advice. Our team of ICSA qualified Chartered Secretaries have the experience and practical advice to answer your company law queries.
Every company is required to comply with the Companies Act and on an annual basis prepare and file financial statements and hold an AGM. Typically this is a service provided to companies by the Company Secretarial Advisors such as CLS Chartered Secretaries or the accountant or solicitors.
One of the most significant changes in the Companies Act 2014 was the introduction of a sole director company. This recognized the difficult position that companies had to appoint a second director who may play a very small or no role in the running of the company but are required to company with the Companies Act.