New Micro Companies will have less disclosure requirements

By Simon O’ Connor, 15th March 2016 (updated 11.08.2016) The New Companies (Accounting) Bill 2016 was published on the 5 August 2016, introducing a new company size termed “the Micro Company”. The new Micro Company will have far fewer disclosure requirements than an ordinary small company. The Bill aims to relieve the burden on micro […]

What has changed to board meetings under the Companies Act 2014?

Board meetings

By Simon O’ Connor, 11th of February 2016 Board meetings are a mandatory exercise for most companies in Ireland. The Companies Act 2014 has introduced new requirements for board meetings which all companies are obliged to adhere to. These new requirements are in relation to board minutes, the location of the meetings and the written […]

The implementation of the Common Reporting Standard (CRS) in Ireland

By Simon O’ Connor, 19th January 2016 On the 18th of December 2015, the Irish Parliament approved the Regulations implementing the OECD Common Reporting Standard (CRS) in Ireland. The CRS regime is the most recent in a series of initiatives aimed at the international automatic exchange of Information (AEOI). In the past few years, there […]

What are my duties and powers as a Member or Shareholder of a LTD company?

Company Members and Shareholders

By Simon O’ Connor, 12th January 2016 (Updated 4th August 2020) The Companies Act 2014 has introduced some significant changes in company law. This includes the introduction of New Company Types and also changes to the roles of various parties such as the Irish Company members and shareholders. What is a Company Member? A member […]

New District Court application to extend annual return date introduced under Companies Act 2014

extend annual return date

By Paula Horan, 17th of December 2015 From the Commencement of the 2014 Companies Act on the 1st June 2015 a company which has missed, or knows that it will miss the deadline for filing its annual return with the Companies Registration Office, may make an application to the District Court for an Order to […]

What is an authorised share capital and does my LTD company need one?

Authorised Share Capital

By Andrew Lambe, 14th December 2015 (Updated 30th October 2020) What is an Authorised Share Capital? The authorised share capital (often referred to as the nominal share capital) is the maximum amount of share capital a company can issue to its shareholders according to the company’s Constitution. In most cases, a portion of the company’s […]

New Reporting Requirements for Section 110 Companies in Ireland

By Simon O’ Connor, 16th November 2015 The Central Bank of Ireland has recently introduced new reporting requirements for Irish companies that are registered with the Irish Revenue Commissioners under section 110 of the Taxes Consolidation Act 1997. Currently, section 110 companies (often referred to as Financial Vehicle Corporation) is obligated to report on a […]