How Can an Unlimited Company (UC) Remove the Suffix ‘Unlimited Company’ From its Name?
By Andrew Lambe. 4th April 2017
Whilst the Companies (Accounting) Bill 2016 will make radical changes to the filing requirements for Unlimited Companies, it is useful to note that they can still make an application to remove the term ‘Unlimited Company’ from their name. Under Section 1237(1) of the Companies Act 2014, An Unlimited Company (UC) shall end with one of the following:
— unlimited company;
— cuideachta neamhtheoranta.
However, subsection 5 of Section 1237 permits that ‘If special circumstances exist which render it’, an exemption may be granted by the Company Law Section of the Department of Jobs, Enterprise and Innovation to remove ‘unlimited company or ‘cuideachta neamhtheoranta’ from the name. This exemption is granted by way of a letter which would accompany an application to the Companies Registration Office (CRO).
For more information on removing ‘Unlimited’ from a company name, or registering an Unlimited company, please don’t hesitate to contact a member of our cosec team on 01 6461625.