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 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
An overused phrase at the moment but these are challenging times we are living in. Most importantly, we hope you, your family and your colleagues are safe and well. The COVID-19 pandemic has had a major impact on how companies operate and so survival, paying staff and keeping the business afloat are always the most
The CRO have announced that they are unable to process submissions or answer queries due to the Covid-19 pandemic. We are unsure yet how long this will last for (until the 14 April at a minimum) and what the impact will be on filing deadlines, company formations and other submissions. We will provide an update
The Registrar of Companies has advised that all annual returns due to be filed by companies between now and June 30, 2020 will be deemed to have been filed on time if all elements of the annual return are completed and filed by that date. This will enable businesses and their financial advisers to focus
CLS is closely monitoring the developing COVID-19 situation. Our priority is to ensure the health, safety and wellbeing of our employees, clients and other business contacts, as well as continuing to deliver our services. We have implemented our remote working policy so we will continue to provide our services to you. You can contact any