Appointing a Registered Person Under S.39 of the Companies Act 2014
Company Bureau can act as your registered person for Irish companies.
The Companies Act 2014 made it easier for businesses or people trading with businesses to conduct transactions. To facilitate this, the idea of a registered person has been introduced. This is due to the fact that directors and “registered persons” are assumed to have the authority to bind the company. As a result, third parties won’t need to inquire about these individuals’ authority, theoretically eliminating the need for documentary proof of such a person’s authority to bind the company.
Section 39 of the Companies Act 2014, states that a business may register a person with the Companies Registration Office (CRO) if its board of directors has authorised that person as having the authority to bind the company. According to Section 40, the board of directors and registered persons are deemed to have the authority to exercise and delegate any power of the company. It is important to note that a person should not be registered if there is a restriction on their ability to bind the firm in any way, such as the ability to only enter into particular contracts or transactions up to a certain amount of money.
Why You Should Appoint a “Registered Person” for Your Company
A registered person can bind the company without the need for additional documentation. Therefore, this saves you time so that you can focus on running your business.
The appointment is made via a filing with the Companies Registration Office that is approved by a current officer of the company.
A company must file Form B46 with the CRO to record a registered person. Company Bureau can help you with the filing, act as your registered person, and assist you with all your company secretarial work. Contact our team today on +353(0)1 6461625 or complete our contact form.
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