Every January we set out ten points to consider from a company law and company secretarial practice perspective. These are practical points for all firms to consider that may bring some benefit to the services you provide. As always if we can be of any help please feel free to contact any one of the
Posts Categorized: Corporate Governance
The General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018 was published in December 2018. The purpose of the Bill is to make a number of amendments to the Companies Act 2014 (the “Act”) including:- The establishment of the Office of the Director of Corporate Enforcement (ODCE) as a stand-alone agency, to be called
The Companies (Statutory Audits) Act 2018 was passed on 25th July 2018. A commencement order was signed on 21st September 2018.
The proper purpose of minutes is to provide a formal, long-term internal record of board meetings for the benefit of an organisation rather than for any third party. Minute taking is an art form and there is now more guidance on the importance of minutes and governance guidance on taking minutes such as the ICSA Guidance.
Corporate Governance is becoming vital to all companies even SME companies. A corporate governance manual or board manual can bring clarity to the board of directors on what their role and responsibilities are and what is expected of them. It can also detail the best governance practices that the company can apply.
Acting as a director can be an onerous task never mind trying to stay on top of what your legal duties are as a company director. Managing risk and ensuring the company stays compliant with all requirements facing the company means boards should have regular training to keep them up to date with changes.
CRO got a reaction they were probably hoping for when they sent out their email on 12th October 2017 announcing “CRIMINAL PROSECUTIONS HAVE BEEN COMMENCED “. A lot of directors and presenters started asking “what was the chances of them or their companies being prosecuted by the CRO?” Even the title of the email was
We finally have clarity on what the definition of a designated unlimited company and what private unlimited companies (“ULC”) will have to file financial statements with the Companies Registration Office. The new definition is bad news for many unlimited companies that were previously exempt from filing financial statements. The new definition applies to financial years
The Companies (Accounting) Act 2017 was signed by the President on 17th May 2017 and will come into operation on 9th June 2017. The Act will apply to financial periods beginning on or after 1 January 2017 for financial statements and other reports. Section 14 of the Act provides for early adoption by the directors
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