If none of the partners are limited companies and all-natural persons then they do not meet the definition of a qualifying partnership and as a result, there is no audit requirement.
After the company has converted under the Companies Act 2014 to a Private Company Limited by Shares, it can be a single director company. This can be achieved by submitting a form B10 to the CRO listing the Directors that are to be terminated, leaving one director in place. Even where a company is a […]
After the company has converted under the Companies Act 2014 to a Private Company Limited by Shares, it can be a single director company. This can be achieved by submitting a form B10 to the CRO listing the Directors that are to be terminated, leaving one director in place. Even where a company is a […]
A board of directors meeting does not necessarily need to be held for a single director company. If held S.160(6) of the Companies Act 2014 states a quorum of one is sufficient. A Memorandum of Sole Director is also acceptable, this memorandum outlines any business transacted by the director and recommendations to the members.
A share buyback is shown in the register of members as per below
Section 72 only applies where the shares are issued for an amount above par. Therefore if you issue shares at par equivalent to the market value then Section 72 does not apply. E.g. where nominal value of the shares transferred in are €100 but the market value of the shares is €100,000, then the company would issue 100,000 […]
Question We have a company whose financial year end is 30th April 2019. The current ARD with the CRO is 31st Jan 2020. Due to Covid 19 restrictions we are due to complete the B1 filing and upload April 2019 accounts over the next couple of weeks. Our client wishes to change the accounting period […]
The sections on preparation of accounts & consolidation of accounts do apply to unlimited companies – s1230 of the Act lists the sections that don’t apply to ULCs, but there’s no exemptions/disapplications re preparation of accounts. On that basis, they are treated the same as other companies in terms of the requirements to prepare accounts. […]
Question: How does the consolidation exemption work in a group of unlimited companies? Answer: The sections on preparation of accounts & consolidation of accounts do apply to unlimited companies – s1230 of the Act lists the sections that don’t apply to ULCs, but there’s no exemptions/disapplications re preparation of accounts. On that basis, they are […]
You need to look at Section 317 of Companies Act 2014. The way this works is that if an employee is in existence for any time in that month then they are considered 1/12th of an employee. You look at it on a monthly basis. So if that person worked 3 hours in every month […]
Dissolved Companies are not required to be listed on Directorship lists. S.142 does not require a dissolved company to be listed. Just to flag a Director under Section 142 CA2014 cannot be a director of more than 25 companies. however, certain companies are not reckoned for the purpose of calculating the number of companies of […]
Question: How long must directors list past directorships for? I .e. when a company is dissolved, how long must this company remain on the directors directorships? Answer: Dissolved Companies are not required to be listed on Directorship lists. S.142 does not require a dissolved company to be listed. Just to flag a Director under Section […]
A CLG seeking charitable status requires 3 directors that are not related while a regular CLG requires 2 Directors.