The Companies Registration Office have just issued a notice stating that from 1 May 2011 companies with more than €150 of issued share capital will not be able to avail of voluntary strike off. Such companies will instead need to be liquidated which is a more costly and complicated procedure.
From 1 May 2011 a new Form H15 will need to be completed which will require the applicant to state that the share capital does not exceed €150 for the previous three years.
Updated on 22 March 2010 following clarification from the Companies Registration Office that the threshold is €150 and not €100.
Updated on 26 October 2011 the share capital criteria has been withdrawn, with only the asset and liability limits remaining.
One thought on “Voluntary Strike Off not available where Issued Share Capital exceeds €150”