The Company law review group (CLRG) has published the first of two volumes setting out a new regime for private companys limited by shares in Ireland. The second volume will deal with all other types of companies and this will be published within the next 12 months. Instead of having just one set of laws [...]
As of April 1st, the Multi-Unit Developments Act 2011 (“MUDs Act”) has been commenced in its entirety. An Owner Management Company can now be restored to the registrar of companies within 6 years of it dissolution using the new form H1-OMC. An OMC that is within 12 months of its dissolution may file Form H1, [...]
Voluntary Strike off of an Irish Company is an administrative procedure operated at the discretion of the Registrar of Companies in which a director of a company can apply to have their company voluntarily struck off. Before this can happen the director needs to Obtain a letter of no objection from the revenue. Ensure all [...]
AUDIT EXEMPTION In Ireland, a company is deemed to be audit exempt if it fulfills all the criteria set out below in both the current and previous year; * The company must be a Private Limited Company (this effectively excludes charities and other non profit making entities and PLCs); * The amount of turnover of [...]
It is now possible to file Companies Office returns online by using the Companies Online Registration Environment or CORE. Once you have a CORE account you file the a Company Return by printing off the signature page and submitting this page to the Companies Registration Office (CRO) once it is signed by the relevant person. [...]
It is possible for the directors to opt to have their company voluntarily struck off if it is no longer needed. In order to be eligible for voluntary strike off, a company must meet the following criteria 1) No assets or liabilities at the time of strike off. 2) A letter of no objection must [...]
The Multi-Unit Developments Act 2011 was signed into law on 24 January 2011by President McAleese. It is hoped that this act will attempt to fix some of the problems that have befallen Property Management Companies where the developer of the estate is either 1) refusing to resign as a director, 2) refusing to transfer the [...]
Every registered company in Ireland is required to file its accounts and annual return with the Company’s Registration Office (CRO) by its Annual Return Date (ARD). The company’s ARD is unique to each company and the accounts and annual return must be filed within 28 days of this date. If the return is late then [...]