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
Posts Tagged: Company Secretary Duties
Every January we highlight 10 company secretarial and company law points for directors and practitioners to consider and the 2020 list is below. RBO Filings Filing Annual Return Audit Exemption District Court Applications New CORE System Company Law Impact of Brexit Sole Director & Sole Shareholder Company Selling a Company Capping Value in a Company
The Companies Act 2014 contains a new Part which contains for the first time the duties and responsibilities of a director and company secretary.
Every company is required to have a company secretary. If the company only has one director (LTD company) then the secretary must be different to the sole director.
One of the most significant changes in the Companies Act 2014 was the introduction of a sole director company. This recognized the difficult position that companies had to appoint a second director who may play a very small or no role in the running of the company but are required to company with the Companies Act.
Conor Sweeney outlines the important changes affecting the role of Company Secretary following the implementation of the Companies Act 2014. All the Company Secretaries in Ireland breathed a huge sigh of relief when the CLRG recommended to retain the requirement to have a Company Secretary and instead removed the need for a second director for