Part 20 of the Companies Act 2014 provides for the re-registration from one company type to another. The Act has lessened the restrictions on re-registration and the amount of times a company can re-register

An LTD may re-register as a CLG and vice versa for first time which was not provided for under the old Companies Act. An LTD cannot have paid up share capital or requires order from the High Court.

An LTD may convert to an Unlimited company (ULC) but is restricted on when it can convert as it is required to file its financial statements prior to converting to a ULC unless the financial statements have been filed in the CRO in the previous 3 months before the application is made.

What is Required

Depending on what company type you are converting to will determine what documentation must be prepared. Common documents include:-

  • A special resolution of members (100% approval when converting to an ULC)
  • New constitution
  • Appropriate CRO form

How Can CLS Help

We can advise on the correct process for re-registration and draft the necessary board minutes, member resolutions and CRO forms. If you require assistance with re-registering a company please contact one of the team 059 9186776 or send us an email.

 

Please Note:

Our CLS Insights aims to bring you practical information and news on Company Law and Company Secretarial. We cover the topics that matter to your business and give practical tips and also the benefit our experiences. Please remember this article is a guide and legal advice should always be obtained. If you have any queries please contact one of the team and we would be happy to help.

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