The Companies (Accounting) Act 2017 amended the definition of a designated unlimited company. A designated unlimited company is required to file its financial statements with the Companies Registration Office. The 2017 Act contained a provision that unlimited companies, which are holding companies of undertakings whose members have limited liability, are deemed to be designated unlimited
The Companies (Corporate Enforcement Authority) Bill allows for the establishment of a new independent statutory authority, the Corporate Enforcement Authority (“CEA”) The CEA will replace the Office of the Director of Corporate Enforcement (“ODCE”) and continue its role in the investigation and enforcement of corporate crime. The current functions of the ODCE will be transferred
The Chartered Governance Institute UK & Ireland published a blog highlighting the changes in the new CORE system companies and presenters will face when filing annual returns in this busy filing period. Click here for more information
CLS Chartered Secretaries are seeking an experienced Office Manager who is as enthusiastic as we are about providing a high quality customer focused service that sets us apart. You can find more details about the role here. Closing date for applications is Friday 22nd October 2021 at 4pm.
Companies (Rescue Process for Small and Micro Companies) Act 2021 (SCARP) was passed on 13th July 2021. The commencement order has yet to be signed. The Act introduces the Small Company Administrative Rescue Process (SCARP). The purpose of SCARP is to provide SME’s with a low-cost alternative to examinership with the primary objective being to
Registered charities are required to report on their compliance with the Charities Governance Code (“the Code”) to the Charities Regulator for the first time during 2021. Charities are required to declare their compliance status as at the date they file their Annual Report, which is 10 months after the financial year-end of the charity. This
The Registrar of Beneficial Ownership of Companies and Industrial and Provident Societies has published its 2020 Annual Report. The following are the key observations from the report:- by the end of 2020, almost 189,000 (81%) of companies and 616 societies (64%) had filed beneficial ownership information with the register 81% of companies and 64% of
The Office of the Director of Corporate Enforcement recently published its 2020 Annual Report. The main observations from the report are:- 669 Liquidators’ Reports Received – down almost a quarter on 2019 levels ODCE expect that the level of corporate insolvencies will increase, potentially substantially in 2021 a view that current State supports are masking
The CRO has issued its annual report for 2020 and we have set out some of the key points from the annual report:- Covid-19 had a significant impact on the operations of the CRO, processing times and the suspension of enforcement activity There was a number of filing extensions announced allowing companies more time to
Chartered Accountants Ireland and The Housing Agency have published a new guide “Owners’ Management Companies – A Concise Guide for Directors”. The guide identifies ten considerations for directors of the bodies that manage the shared spaces and services of multi-unit developments such as apartments and housing estates. Click here for more information and link to