The Corporate Enforcement Authority (“CEA”) have published an Information Note on the circumstances leading to the Disqualification of Directors under the Companies Act 2014 and the associated consequences. The Information Note provides guidance on the purpose and effects of disqualification, and on the various ways in which a person can be disqualified from acting as
Our April newsletter covers The General Scheme of Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 and we are highlighting its main provisions which includes the proposed change to the audit exemption. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
The General Scheme of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 was published on 15th March 2024. The Bill makes some significant amendments to the Companies Act 2014 primarily relating to four areas of company law: corporate governance company law enforcement and supervision company law administration corporate insolvency Some of the key
Our February Newsletter is here with information on Restriction and Disqualification of Directors and Offences under The Companies Act 2014. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
The Companies Act 2014 contains various offences that both a company and directors may be prosecuted for breaching. Click here to a recent article on company law offences. The two main ways in which a director may be prosecuted under the Companies Act 2014 are by way of disqualification or restriction. Disqualification of a director
The Companies Act 2014 provides for a four-fold categorisation of offences into Categories 1 to 4. Throughout the Act, offences are, as created, categorised as attracting a particular category of penalty. If there is an offence in a particular section of the Act it will state what the category of offence applies. In Section 871,
We normally don’t issue a newsletter in December but given the challenges companies had filing annual returns and the Companies Registration Office enforcement proceedings we felt it necessary to answer a couple of the questions we have been receiving. Note: The content within the newsletter is provided for information purposes only and does not
Our November Newsletter is here with updates on PPSN for CRO filing, Audit Exemption Proposals, CRO Enforcement Letters and Christmas Deadlines for forming new companies Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
Q: I have received a 10-week warning letter from the Companies Registration Office for a company I act as a director for. The company stopped trading during COVID and will not recommence trading. There are 3 annual returns outstanding. Do I have to do anything or can I just let the CRO strike off the
Our October Newsletter is available now with details of the CRO blog post on the PPSN requirements for directors, their new VIFa Form that can be used for filing annual returns and news on The European Commission proposal to increase the size thresholds of companies to account for the increase in inflation. Click here to