Restoration of an Owners' Management Company
Where an Owners' Management Company has been struck off voluntarily under section 311 Companies Act 1963 or was struck off under section 12(3) Companies (Amendment) Act 1982 for failure to file annual returns, it may apply for restoration by filing within six years of the date of dissolution:
- Form H1-OMC (fee €300); This form must be accompanied by the relevant certificates before restoration can be effected.
- All outstanding annual returns together with the accounts which are required to be annexed to same pursuant to the provisions of the Companies Acts 1963-2009. These accounts must relate to an individual financial year and may not be amalgamated with the accounts for another financial year or years. (Fee per return €40 plus the relevant late filing penalties).
- The CRO will not accept amalgamated accounts covering more than one financial year, where more than one annual return is being filed. The only exception to that rule is where more than 3 annual returns and associated accounts are being filed. In that instance, the most recent three annual returns or combination thereof must be accompanied by an individual set of accounts covering the relevant financial year in each case, but where the number of annual returns being submitted exceeds three, each return in excess of the most recent three may be accompanied, without limit, by one set of amalgamated accounts. Each set of accounts must be filed and signed in compliance with the Companies Acts.
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