The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the “Act”) introduced temporary provisions to facilitate the holding of members and creditor meetings electronically. The following new provisions will only apply during the interim period which lasts until 31 December 2020 unless the period is extended:- General Meetings during the Interim Period The new provisions apply notwithstanding
The Registrar of Beneficial Ownership of Companies and Industrial and Provident Societies issued the 2019 Annual Report. The key points from the report are: 172,000 companies (75%) and 530 societies (55%) had filed by 31 December 2019 306845 individual beneficial ownership types recorded 191,231 Shareholding, 6,661 Voting Rights, 17,190 Ownership Interest, 12,151 Control via other
The ODCE issued the 2019 Annual Report and the key points from the report are:- High profile investigations into Independent News & Media, Console Suicide Bereavement Counselling Ltd, Football Association of Ireland (“FAI”) The DPP directed charges on 23 counts of theft contrary to Sec 4 of the Criminal Justice(Theft and Fraud Offences) Act 2001
The CRO published its Annual Report for 2019 and we have set out some of the key points from the annual report. 232,949 companies on the Register 95% of companies up to date with the filing of annual returns at the year end 687 Sec 343 District Court Applications, 602 Order granted, 26 applications were
The General Scheme of the Companies and Industrial and Provident Societies (Covid-19) (Amendment) Bill 2020 was published outlining the proposed emergency measures for companies and Industrial and Provident societies dealing with COVID-19 issues. The proposals are to help companies hold electronic meetings while complying with the COVID-19 social distancing guidelines issued by the Government. Timeframe
Since the impact of COVID-19 we have seen a large increase in the number of companies applying for voluntary strike off. Directors and practitioners had more time to look at what companies had ceased trading or never traded and it was a good time to apply to reduce costs for companies that were no longer
The ODCE issued a guidance document “COVID-19 and the insolvency-related functions of the ODCE” providing some helpful and welcome guidance to directors of companies impacted by the COVID-19 pandemic. Directors of companies that go into liquidation face restriction proceedings unless they can demonstrate that they have acted “honestly and responsibly”. Only a small minority of
Conor will be speaking at a free webinar hosted by The Chartered Governance Institute in Ireland along with The Housing Agency on Wednesday 1 July. Conor will address Corporate Governance, Company Law, and practical compliance concerns for OMCs. David Rouse (advisor with The Housing Agency) will set the context and background, growth in OMC numbers,
A significant challenge for companies is holding either director or member meetings given the Covid-19 restrictions. Everyone has embraced the new world of virtual meetings through Zoom, Skype, Hangouts etc. While these are useful tools for business and teams to meet, companies need to be mindful of the legislation regarding holding meetings electronically. Before a
An overused phrase at the moment but these are challenging times we are living in. Most importantly, we hope you, your family and your colleagues are safe and well. The COVID-19 pandemic has had a major impact on how companies operate and so survival, paying staff and keeping the business afloat are always the most