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 start every new year highlighting 10 Company Law and Company Secretarial points to consider for 2024. CRO Enforcement The Companies Registration Office recommenced its enforcement proceedings in July 2023. The CRO issued 10-week warning notices to companies that had the most annual returns outstanding and have continued with issuing notices to companies on a
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
The Charities Regulator have issued its annual report for 2022. The following are the main points from the report. To read the full report click here 11,506 charities on the Register of Charities 73% of registered charities declare they fully comply with the Charities Governance Code 6 guidance documents published 1 investigation report published Irish
The Register of Beneficial Ownership of Companies 2022 Annual Report was published recently. Below are the main points from the report. Click here to read the full report https://rbo.gov.ie/about.html by the end of 2022, 239,444 (85%) of companies and 698 societies (74%) had filed beneficial ownership information with the register 22,501 companies and 77 societies
The ODCE published its last annual report for the period up to 6th July 2022. The ODCE was replaced by the Corporate Enforcement Authority (“CEA”) in July 2022. The following are the main points from the report. Click here to read the full report https://enterprise.gov.ie/en/publications/publication-files/final-report-of-the-director-of-corporate-enforcement.pdf 323 liquidator reports 43 Auditors indictable offence reports 8 Examiners
The Companies Registration Office has re-commenced enforcement proceedings for companies that have annual returns and financial statements outstanding. The CRO are focusing on companies that have the most annual returns outstanding. The CRO are giving companies 10 weeks from the date of the letter to bring its filing obligations up to date. See below copy
Our July Newsletter this month is giving an update on the PPSN requirement and how practitioners have found the new requirement since its introduction in June 2023. We also highlight the Corporate Enforcement Authority (“CEA”) who featured in an article in the Sunday Business Post commenting on the re-commencement of involuntary strike off proceedings against late companies where