The Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021 was published on 11th May 2021. The Bill amends the Companies Act 2014 to provide for a new dedicated rescue process for small and micro companies known as The Small Company Administrative Rescue Process (SCARP). The Bill has secured government approval for the
Posts Categorized: Company Restructuring
The Companies Act 2014 introduced domestic mergers for the first time. The new merger provisions allow a merger between two private Irish companies so that the assets and liabilities and corporate identity of one are transferred by operation of law to the other before the former is dissolved without going into liquidation.
A company that is considering purchasing the trade may wish to just purchase the trade Instead of transferring the shares in the target company to the acquiring company.
A share-for-share exchange involves a company issuing new shares or debentures to a person or a company in exchange for that person’s shares or debentures in another company.
The Companies Act 2014 has introduced a universal process to authorise seven different restricted activities that would otherwise be prohibited.
Q&A We are currently adopting a new constitution for our company. When we send the new constitution do we have to send the subscriber pages and do the original members have to sign the subscriber page again or the new members? The company was incorporated back in 1976!! This was probably the most asked question
In recent months we have seen a number of high profile companies such as Petroceltic and Petroneft at which resolutions have been put forward by shareholders to remove directors from the board. We have also seen a noticeable increase in queries and engagements to remove directors from SME companies. There are various reasons for this