Q. We have a company that wants to loan money to another company that is not part of a group but has the same Director and shareholders? Is this possible? Companies often find themselves in situations where they require some form of financial assistance. This may often take place by way of a loan from
The Companies (Corporate Enforcement Authority) Act 2021 was passed in December and the main purpose of the Act is to provide for the establishment of the Corporate Enforcement Authority to replace the ODCE. The Act also contains some important amendments to the Companies Act 2014. See our previous article on the main provisions of the
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.