Our April newsletter covers The General Scheme of Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 and we are highlighting its main provisions which includes the proposed change to the audit exemption. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
The General Scheme of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill 2024 was published on 15th March 2024. The Bill makes some significant amendments to the Companies Act 2014 primarily relating to four areas of company law: corporate governance company law enforcement and supervision company law administration corporate insolvency Some of the key
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,
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
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
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 –