The Companies Registration Office made the following announcement (23rd October 2020) on its website and social media channels regarding the 31st October 2020 filing deadline:- “The Registrar is aware of pressures that a small number of Companies face in meeting the deadline of 31 October and has announced that all elements of the annual return
The Companies Registration Office have announced (12th October 2020) that companies that have an annual return date on or after 30th September 2020 now have until 26th February 2021 to complete all aspects of filing its annual return and financial statements. The extension does not apply to companies that have an ARD earlier than 30th
The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 was commenced on 21st August 2020 and it introduces temporary measures to assist companies and Industrial and Provident Societies (“IPS”) deal with issues due to the impact of COVID-19. One of the key provisions is the ability to hold members and creditor meetings electronically. Interim Period The new
The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 (the “Act”) introduced temporary provisions to facilitate the holding of members and creditor meetings electronically. The following new provisions will only apply during the interim period which lasts until 31 December 2020 unless the period is extended:- General Meetings during the Interim Period The new provisions apply notwithstanding
The Registrar of Beneficial Ownership of Companies and Industrial and Provident Societies issued the 2019 Annual Report. The key points from the report are: 172,000 companies (75%) and 530 societies (55%) had filed by 31 December 2019 306845 individual beneficial ownership types recorded 191,231 Shareholding, 6,661 Voting Rights, 17,190 Ownership Interest, 12,151 Control via other
The ODCE issued the 2019 Annual Report and the key points from the report are:- High profile investigations into Independent News & Media, Console Suicide Bereavement Counselling Ltd, Football Association of Ireland (“FAI”) The DPP directed charges on 23 counts of theft contrary to Sec 4 of the Criminal Justice(Theft and Fraud Offences) Act 2001
The CRO published its Annual Report for 2019 and we have set out some of the key points from the annual report. 232,949 companies on the Register 95% of companies up to date with the filing of annual returns at the year end 687 Sec 343 District Court Applications, 602 Order granted, 26 applications were
Since the impact of COVID-19 we have seen a large increase in the number of companies applying for voluntary strike off. Directors and practitioners had more time to look at what companies had ceased trading or never traded and it was a good time to apply to reduce costs for companies that were no longer
The ODCE issued a guidance document “COVID-19 and the insolvency-related functions of the ODCE” providing some helpful and welcome guidance to directors of companies impacted by the COVID-19 pandemic. Directors of companies that go into liquidation face restriction proceedings unless they can demonstrate that they have acted “honestly and responsibly”. Only a small minority of
A significant challenge for companies is holding either director or member meetings given the Covid-19 restrictions. Everyone has embraced the new world of virtual meetings through Zoom, Skype, Hangouts etc. While these are useful tools for business and teams to meet, companies need to be mindful of the legislation regarding holding meetings electronically. Before a