The directors responsibilities are contained in Sections 223 to 228 and S.231 as detailed below: S.223 requires a director to act in good faith and to ensure the Act is complied with by the company. On acceptance of the appointment in the Form B10, the director specifically states that the director acknowledges the legal duties and obligations imposed by the Companies Act, […]

The steps involved are: Assess whether the company meets the definition of a dormant company. If these requirements are met move onto step 2. Ensure that the election is made for audit exemption in the financial year the exemption is being claimed (i.e. the dormant company cannot apply audit exemption retrospectively). Although the requirements in […]

The list of companies included in Schedule 5 of Companies Act 2014 (as extracted): A company that is an authorised investment firm within the meaning of the European Communities (Markets in Financial Instruments) Regulations 2007 ( S.I. No. 60 of 2007 ). A company that is an authorised market operator. A company that is an associated undertaking […]

The information to be disclosed in the directors report/Financial Statements on interests in shares or debentures in the company or any other group undertakings is detailed in S.329 Companies Act 2014. Disclosure required of interests in shares or debentures under S.329 Companies Act 2014 is disclosure of: Each person interests who at the end of the year and the […]