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
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.
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
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
Does a CLG or Dormant Company have to file with the RBO? We have a CLG and a dormant LTD company. Do these companies have to file with the Register of Beneficial Owners? All companies must file with the Register of Beneficial Owners regardless of company type; whether they trade, make a profit or are
With the increase in economic activity particularly in the construction sector, banks, receivers and companies are discovering assets and property in companies that have been struck off the register. In order to transfer the assets out of the company or to sell the assets, the company must be restored to the register.
Companies miss the annual return filing deadline for various and legitimate reasons and the penalty for missing the filing deadline even by one day is very severe! A company that files late must will lose audit exemption for the following two financial years. This can have a significant impact on the viability of an SME company.
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