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
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 interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 has been extended from 9th June 2021 to 31st December 2021 following government approval. The Act makes temporary amendments to the Companies Act 2014 and the Industrial and Provident Societies Act 1893 to address issues arising as a result of COVID-19. See our previous
The Companies (Rescue Process for Small and Micro Companies) Bill 2021 has passed through all legislative stages in the Oireachtas. The Bill will now be sent to Office of the President for signature and enactment into law. The Bill amends the Companies Act 2014 to provide for a new dedicated rescue process for small and
The Criminal Justice (Money Laundering & Terrorist Financing) (Amendment) Act 2021 was commenced on 23 April 2021 which introduced a number of new obligations placed on designated persons. These new obligations will impose more reporting requirements on professional advisors. The meaning of the term ‘designated person’ is outlined in Section 25 of the Criminal Justice
The Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 was published on 11th May 2021. The Bill amends the Companies Act 2014 to provide for a new dedicated rescue process for small and micro companies known as The Small Company Administrative Rescue Process (SCARP). The Bill has secured government approval for the
Like all good series are back for season two of our CLS Webinars! We were blown away by the interest and support for the first series so we are hoping you will find this second series as beneficial. This series starts on 7th April 2021 and will focus on the most common company secretarial changes