No, Section 325 of CA 2014 as amended by Section 41 of Companies (Accounting) Act 2017 specifically exempts a company that qualifies for the micro companies regime from the requirement to prepare a directors’ report as long as the company discloses the requirements of Section 328 of CA 2014 (which deals with the disclosure requirements […]
The constitution should be reviewed in case it requires a sole signature by Director and Secretary or if there are any other specific requirements, this would be common so it would be important to check. Under Section 43 CA2014, The Company’s seal shall be used only by authority of its Director(s), or of a committee […]
Question: Is only Director’s signature required on mortgage re property purchase contract? Company is Private Ltd Co with one director/shareholder, Co Sec is a secretarial services firm. My understanding is board has authority to bind (s.40) and board as defined by s.11 is the one director, so answer would be only director required to sign. […]
Section 1274 of Companies Act 2014 states that for a ULC other than a designated ULC, the financial statements of the ULC do not need to be filed with the CRO. Within Section 1274 is a definition of a designated ULC. Section 78 of Companies (Accounting) Act 2017 has amended and broadened the existing definition in Section 1274 which has effectively […]
Section 1274 of Companies Act 2014 states that for a ULC other than a designated ULC, the financial statements of the ULC do not need to be filed with the CRO. Within Section 1274 is a definition of a designated ULC. Section 78 of Companies (Accounting) Act 2017 has amended and broadened the existing definition in Section 1274 which has effectively […]
No Section 170 of CA 2014 makes it clear that a trust cannot be registered in the register of members.
Question: A client who is audit exempt and preparing accounts under FRS102A is looking for any exemptions possible with regards disclosure of directors remuneration on the grounds that it commercially sensitive. Is there anything we can do? Answer: The requirement to disclose directors’ rem is driven by company law, rather than by FRS102 section 1A, […]
Question: I have a query in relation to alternate directors and the accounts presentation in relation to same. Is it sufficient to just note in the contents page only that the new director has been appointed and that they are an alternate director or should alternate also be noted in brackets beside the directors name […]
The deciding date is the date when the directors signed the financial statements. Where these Financial Statements are signed on or after 1 June 2015, Companies Act 2014 applies to those financial statements.
The interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 was extended to 30 April 2022. Beyond this date, a company will not be able to hold an AGM/other shareholder meetings virtually unless this is specifically permitted in their constitution. We would recommend that a resolution is passed at a members’ meeting, to amend the […]
Yes. Section 336 of CA 2014 was amended by Section 45 of Companies (Accounting) Act 2017 which now requires that the auditor state whether in his/her opinion the micro company has availed of an exemption with regard to the disclosure requirements of Section 305 to Section 312 of CA 2014 which they are not entitled to avail of.
The ODCE has yet to produce such a list. However, OmniPro have compiled a full list of offences by category from each of the sections in Companies Act 2014.
The ODCE has yet to produce such a list. However, OmniPro have compiled a full list of offences by category from each of the sections in Companies Act 2014.
Where the secretary is not acting as a secretary to a public limited company (PLC) there is no specific qualifications required for to act as a secretary. Instead the directors have a duty to ensure the person appointed as secretary has the necessary resources available to procure the maintenance of the records (other than accounting […]
Where the secretary is not acting as a secretary to a public limited company (PLC) there is no specific qualifications required for to act as a secretary. Instead the directors have a duty to ensure the person appointed as secretary has the necessary resources available to procure the maintenance of the records (other than accounting […]
No there is no such requirement under Companies Act 2014. It does not exist.