From 31 December 2011, the exception in respect of amalgamated accounts has been discontinued and will not be accepted by the CRO. This refers only to instances where the one or same set of accounts are filed with more than one annual return. Therefore, from 1 January 2012, a separate set of accounts is required [...]

The Companies Registration Office (CRO) have issued a few reminders in their recent newsletter: 1. A new form B1 was introduced from 1 April. The old version will only be accepted until 1 October (inclusive). The new form can be found here. If you are filing using co sec software, ensure that it is up [...]

The Companies Registration Office have been busy. They have revised another form –  Annual Return Form B1 – in an effort to fight back against individuals allegedly impersonating auditors or passing themselves off as auditors. Form B1 must be filed by companies each year and in most circumstances the B1 will be accompanied by either full or abridged Financial [...]

Guest post by Maria Fahy, Parfrey Murphy. A Shareholders’ agreement may be loosely defined as an agreement (contract) between some or all of the shareholders in a company and sometimes the company itself, which is intended to govern the rights and obligations of the parties thereto. Frequently, shareholder’ agreements will also deal with the management [...]

When a director resigns from a company, he/she sends a letter of resignation to the company. The company then needs to file a Form B10 with the Companies Registration Office within 14 days and appoint another director if required. In general, private limited companies must have a minimum of 2 directors. What happens if a [...]

The CRO have issued a list of the most common errors in filing Annual Returns and how to avoid them. The most common errors are: failing to enclose the late filing fee where the annual return is late and claiming audit exemption when the company isn’t entitled to. As always, if you have any queries [...]

Did you know that many small companies do not require an audit of their Financial Statements? Companies that meet certain criteria can qualify for audit exemption. Audit exemption removes the need for an audit but accounts still need to be prepared and submitted to the Companies Registration Office (CRO) and Corporation Tax returns will still [...]

For companies experiencing trading difficulties, the obligation to file an annual return can fall down the list of priorities. Failing to file an annual return on time leads to filing penalties and the loss of audit exemption which can lead to further financial loss for the company. The CRO have informed us that it is [...]

If you are setting up in business and designing your stationery and website please be aware that there are some legal requirements surrounding what needs to be included. Headed Stationery As required by legislation the following should be included on a company’s headed paper: Company name plus Limited, Ltd, Teoranta, Teo, plc as appropriate Names [...]

To form a company in Ireland the easiest option is to appoint a formation agent to form the company for you. The main advantage of appointing a formation agent is that the company will be formed faster. An agent using the CRODISK system can have a company incorporated within 5 days. Submitting the documents yourself [...]