We are forming a not-for-profit Company Limited By Guarantee and have 4 directors. Are we required to have any members when we just have directors? Every company is required to have at least one member. The members have different roles and responsibilities than the directors. However, the members may often also be the directors as
The Companies Registration Office updated the CORE platform on 12th April 2022 and several new features were added to the platform along with fixing some legacy issues. Key Features of the update Set to Draft This is the most welcome of changes! You can now revert a submission at signature or payment stage to draft.
I have a company that has ceased trading and I want to apply for voluntary strike off. What are the steps involved and do I need to get approval from Revenue? Voluntary Strike Off may be a cost effective way to dissolve a company however if it is not done correctly it may delay the
The company constitution is the company law rule book for a company. Depending on the company type this will determine what format the constitution takes and how much detail is included. The constitution may be a simple or very detailed document depending on the activities and the rights of the shareholders. The constitution contains provisions
The Chartered Governance Institute UK & Ireland recently published an excellent synopsis of the Recent Changes in Company Law including The Companies (Corporate Enforcement Authority) Act 2021 Including a list of the summary of changes to the Companies Act 2014 Companies Act 2014 (Section 12A(1) – Covid-19) (No. 2) Order – The Companies (Miscellaneous Provisions
The Data Protection Commissioner recently published a guide “Considerations Relating to Multi-Unit Developments and Owners’ Management Companies.” This guidance sets out general advice on common data protection issues that may arise in the course of interaction between:- Owners’ Management Companies (“OMCs”) and their members OMCs, OMC members, and a property management agent OMCs and third
The Companies Registration Office have advised of the mandatory online filing from 1st March 2022 for 18 CRO forms as listed below. The sections involved are Solvency (14 forms), Mortgages (2 forms) and Enforcement (2 forms). We welcome the introduction of more electronic forms however this may cause some issues with company transactions as the
CORE The new CORE system is in operation for 12 months now and we have still some challenges with filing documentation through the new system. Hopefully 2022 will see the system bed in more and the last of the issues will be resolved. Missed deadlines & District Court Applications After nearly two years of extended
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