The CRO announced the transition dates for the new CORE portal. We welcome the launch of the new system however the timing will have a major impact on CRO presenters particularly for anyone looking to form a company or to have a change in directors/secretary registered before the end of the year. Key points for
The new CORE Portal is launching on 16th December 2020 and we are like kids on Christmas morning waiting for the new system! The new Portal will bring CRO filings into the 21st century with new features that will make filing with CRO easier and more efficient. The most welcome feature of the new portal
As we get closer to the expiry of the Withdrawal Agreement between the UK and the EU Irish companies that have only UK resident directors must consider the impact of the UK leaving the EEA. If thereafter there is no agreement in place, companies which have only UK resident directors will be required to comply
Every company is required to have at least one director who is resident in a member state of the European Economic Area (“EEA”). Pursuant to section 141 Companies Act 2014, a person is resident in the State at a particular time (the relevant time) if – he or she is present in the State at
The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 was commenced on 21st August 2020 and it introduces temporary measures to assist companies and Industrial and Provident Societies (“IPS”) deal with issues due to the impact of COVID-19. One of the key provisions is the ability to hold members and creditor meetings electronically. Interim Period The new
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