From 11th June 2023 (originally 23rd April 2023), directors are required to include their Personal Public Service Number (“PPSN”) when filing certain forms with the Companies Registration Office. If a director does not have a PPSN they can use an existing RBO number or apply for a Identified Person Number (“IPN”). These provisions were introduced
Our March newsletter is out and this month we answer a question on whether a company must update it’s constitution if it is going to change to a single director company. Click here to read Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
A common question we get asked is does the existing constitution of a company (previously Memorandum & Articles of Association), need to be updated if the company decides to become a single director company? We are seeing an increase in companies choosing a sole director & sole shareholder company. The Companies Act 2014 (the “Act”)
Our February newsletter is out and this month we are looking at the New CEA Information note on the Early Warning Tools for Directors. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
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
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