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Changes To Companies Registration Office Filings

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Effective from 1st June 2017, Companies Registration Office (CRO) are changing the method by which they will accept submissions of certain documents submitted to the public record. From that date, mandatory electronic filing will apply to the following submissions to be made to the CRO:-

Form B1 – Annual return including financial statements and electronic payment

Form B2 – Change of registered office

Form B10 – Change of director and/or secretary, or in their particulars

Form B73 – Nomination of new annual return date

From 1st June 2017, CRO will not accept versions of the above documentation that are submitted in non-electronic format.

Should you have any queries in relation to the above, please do not hesitate to contact Mary Flanagan of Cooney Carey Consulting for assistance.

What Questions Do You Have?

We are happy to help. Please post your comment below or call Mary Flanagan on 01 677 9000. Alternatively, send us an email: info@cooneycarey.ie

To keep in touch, connect with our friendly team on LinkedIn.

If this article helped you, please share it with other businesses.

Posted on May 10, 2017 by Cooney Carey


Companies Act 2014: Disclosure of Directors’ Remuneration

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Directors of companies should ensure that they are aware of the increased disclosure requirements in relation to their remuneration under Companies Act 2014.

Section 305 of Companies Act 2014 covers the disclosure of directors’ remuneration with Section 306 providing some supplemental provisions to Section 305. A considerable change under the new Act relates to group’s. Section 305 requires that company accounts disclosure not only the remuneration received by the director in that company, but also remuneration paid by or receivable from:

  1. The company’s subsidiary undertakings,
  2. Any holding undertaking of the company, and
  3. Any other person

This will increase substantially the disclosure requirements on many group companies.

For smaller entities that are availing of the exemptions to file abridged accounts with the Companies Registration Office, there is now a requirement to include directors’ remuneration in these abridged accounts. Under the old Companies Act this information was not required to be disclosed in the abridged accounts. As the accounts will become publically available once filed with CRO this will be an unwelcomed change for many directors of smaller entities.

Directors should ensure that they review these requirements with their auditors/accountants before filing their next set of accounts with CRO.

What questions do you have?

We are happy to help. Please post your comment below or call Will Townsend (ACA, BBS (ACC), CMC), Audit and Assurance Director at Cooney Carey, on 01 677 9000. Alternatively, send him an email: wtowsend@cooneycarey.ie

If you found this article interesting, please share it with other businesses. 

Posted on November 1, 2016 by Will Townsend


Register of Persons with Significant Control

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Companies, LLP’s and SE’s registered in the United Kingdom are now obliged effective of 6th April 2016 to maintain registers of persons with significant control within their companies or entities. This register is required to be maintained as part of the company’s statutory register and should be readily available for inspection.

A person with significant control (PSC) is someone in your company who satisfies one or more of the following criteria:-

  • Owns more than 25% of the company’s shares
  • Holds more than 25% of the company’s voting rights
  • Holds the right to appoint or remove the majority of the directors
  • Has the right to, or actually exercises significant influence or control
  • Hold the right to exercise or actually exercises significant control over a trust or company that meets any of the other four conditions noted above

Effective from 30th June 2016, the annual return filed with Companies House in the UK is now being replaced with a ‘Compliance Statement’. This must be filed at least once a year and, except for listed companies, disclosure regarding the PSC’s must be included. The usual residential address and day of birth will not be made public but all other PSC details will be available on the public record.

Similarly companies or entities being incorporated or registered in the UK after 30th June 2016 will be required to disclose this detail on their initial registration documentation.

It will be a criminal offence for all such UK companies, LLP’s and SE’s not to comply with these disclosure requirements.

What Questions Do You Have?

We are happy to help. Please post your comment below or call Mary Flanagan on 01 677 9000. Alternatively, send us an email: info@cooneycarey.ie

To keep in touch, connect with our friendly team on LinkedIn.

If this article helped you, please share it with other businesses.

Posted on July 11, 2016 by Cooney Carey


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