The European Union (Preventive Restructuring) Regulations 2022 (SI 380/2022) (“PRD”) commenced on 27th July 2022. The Corporate Enforcement Authority (“CEA”) has produced a helpful Information Note to assist company directors in understanding certain aspects of the Regulations, i.e., those aspects having a particular bearing on directors’ duties and responsibilities. Information Note has been prepared with
We start every new year highlighting 10 Company Secretarial and Company Law points to consider for 2023. PPSN for all Directors We really try not to start the list with a negative, however this will be the biggest challenge all CRO presenters will face in 2023! So, what is the new requirement? Every director will
We set up a company using nominee directors and shareholders just to get the company formed quickly. We have changed everything over to the new directors and shareholders and updated the CRO and RBO. We have applied to open a bank account and have provided the statutory register and company constitution to the bank. They
The CRO has issued its annual report for 2021 and the following are some of the key points from the report:- 270,835 companies on the Register at the end of the year 510,000 submissions filed with the CRO Over 89% of all documents filed with the CRO were filed electronically 594 Sec 343 notices of
The Registrar of Beneficial Ownership published its 2021 Annual Report and some of the key points from the report were:- Almost 217,000 (87%) of companies and 693 societies (73%) had filed beneficial ownership information with the register 28,111 companies and 77 societies registered their beneficial ownership with the RBO for the first time compared with
The Charity Regulator published its 2021 Annual Report and the some of the key points from the report are:- 69% of registered charities declare they comply fully with the Charities Governance Code 568 concerns were raised (22% increase on 2020) and 2 statutory investigations commenced 64% of charities submitted their annual report on time –
The European Union (Preventive Restructuring) Regulations 2022 (SI 380/2022) (“PRD”) commenced on 27th July 2022 The PRD sets down minimum rules for Member State preventative restructuring frameworks, in order to remove barriers to effective preventive restructuring of viable debtors in financial difficulties across the EU. The Regulations make some amendments to the Examinership process in
Conor chatted to Conall O Móráin on That Great Business Show Podcast about why it’s so important to ‘tidy up’ your dormant company (unless you fancy a trip to face a judge), why you should keep your share register up to date (no matter what size the company is), why and how to become a
Does a CLG or Dormant Company have to file with the RBO? We have a CLG and a dormant LTD company. Do these companies have to file with the Register of Beneficial Owners? All companies must file with the Register of Beneficial Owners regardless of company type; whether they trade, make a profit or are
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