The Government has moved quickly to amend provisions in the Companies Acts in light of the recent economic crisis in Ireland and in particular the banking crisis. On the 9th April 2009, the Minister for Enterprise Trade & Employment introduced the Companies (Amendment) Bill 2009. The Bill comes just a few weeks after it was […]

New Shareholders can be introduced to a company in 2 main ways, the allotment of shares and the transfer of shares. In their basic form, allotment and transfers are a simple procedure, however it is important to understand the basic requirements as these are the important part of more complex transactions like Share for Share […]

The Companies Bill 2012 was published on the 21st December 2012. The legislation, which comprises of over 1,100 pages of text is the most significant reform in Irish company law since 1963. The new Bill consolidates the 16 existing Company Acts as well as a number of statutory instruments and judgments. The Company Law Review […]

On the 4th July 2012, the new Companies (Amendment) Act 2012 was enacted. This new Act will become our 16th Companies Act, and despite the new Companies Consolidation bill being on the horizon there still may be one more to come before the unveiling of the Consolidation Bill. Accountants and business owners need to know: […]

Availing of the Audit Exemption Section 32 of Companies (Amendment) (No. 2) Act, 1999 (“the Act”) states that a private limited company may avail of an exemption from a requirement to have financial statements audited. In order for a company to be in a position to avail of the audit exemption, the Company must satisfy certain […]