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
Q – We missed the Annual Return Date (“ARD”) filing deadline for our Company. What options do we have if we want to retain the audit exemption? DO NOT FILE!! Sorry to be so dramatic but if you file the late annual return, you lose potentially the only option you have to retain the audit
Q. We have a client that is registered in another country and wishes to establish an entity in Ireland and have asked whether this should be a new company in Ireland which may be a subsidiary of the existing company or a branch. What should the client consider? The answer will depend on numerous factors
Q. We have a company that wants to loan money to another company that is not part of a group but has the same Director and shareholders? Is this possible? Companies often find themselves in situations where they require some form of financial assistance. This may often take place by way of a loan from
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 Office of the Director of Corporate Enforcement (“ODCE”) published its last annual report before changing to the Corporate Enforcement Authority (“CEA”). The main points from the Annual Report are:- 668 Liquidators’ reports received (consistent with 2020) 51 Company directors restricted 39 Company directors disqualified 23 directors of dissolved insolvent companies were disqualified by way
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