The Register of Beneficial Ownership of Companies 2022 Annual Report was published recently. Below are the main points from the report. Click here to read the full report https://rbo.gov.ie/about.html by the end of 2022, 239,444 (85%) of companies and 698 societies (74%) had filed beneficial ownership information with the register 22,501 companies and 77 societies
The ODCE published its last annual report for the period up to 6th July 2022. The ODCE was replaced by the Corporate Enforcement Authority (“CEA”) in July 2022. The following are the main points from the report. Click here to read the full report https://enterprise.gov.ie/en/publications/publication-files/final-report-of-the-director-of-corporate-enforcement.pdf 323 liquidator reports 43 Auditors indictable offence reports 8 Examiners
The CRO recently issued its 2022 Annual Report and the following are the main points from the report. You can read the full report here https://www.cro.ie/Publications/Publications/Corporate 94% of submissions were filed electronically 287,877 Irish companies were in existence on the register at the end of the year, resulting in 510,280 submissions being filed CRO received
The Companies Registration Office has re-commenced enforcement proceedings for companies that have annual returns and financial statements outstanding. The CRO are focusing on companies that have the most annual returns outstanding. The CRO are giving companies 10 weeks from the date of the letter to bring its filing obligations up to date. See below copy
It’s over a month since the introduction of the new requirement for Directors to disclose their PPSN or IPN when filing certain forms with the CRO. For more information on the new provisions see our previous article. The CRO have included a new section in CORE that may help directors where their name registered with
The Corporate Enforcement Authority (“CEA”) has warned directors about the considerable risks of accepting unsolicited offers to become directors of companies they know nothing about after the Sunday Independent revealed that the former CEO of FAI John Delaney was promoting a scheme to pay people to become directors of companies. The CEA has issued an Information
Our July Newsletter this month is giving an update on the PPSN requirement and how practitioners have found the new requirement since its introduction in June 2023. We also highlight the Corporate Enforcement Authority (“CEA”) who featured in an article in the Sunday Business Post commenting on the re-commencement of involuntary strike off proceedings against late companies where
Our June Newsletter is out referring to the new requirement for directors to disclose their PPSN on certain CRO forms which commenced yesterday (11th June 2023) and giving information on the updated guidance on The Duty of Auditors to Report to the Corporate Enforcement Authority in an IAASA article. Note: The content within the newsletter
IAASA previously published a guidance note on The Duty of Auditors to Report to the Director of Corporate Enforcement in 2019. The guidance note has been published with updated referencing arising from the Companies (Corporate Enforcement Authority) Act 2021, updated ISAs and other relevant legislation. The guidance note is available here. https://iaasa.ie/publications/guidance-note-01-2019-the-duty-of-auditors-to-report-to-the-director-of-corporate-enforcement/
Our May Newsletter is out with some potentially good news about welcome changes to the Audit exemption, and information on the Public proposals to enhance the Companies Act 2014. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.