The Companies Registration Office (CRO) in Ireland has released its Annual Report for 2024, and there are several noteworthy developments that regular CRO users and Irish businesses should be aware of. Below, we’ve summarised the most impactful updates and statistics from the report. 1. Launch of the New CRO Website and Open Data Portal In April [...]
If you're a director or company secretary of an Irish-registered company, you may be interested to learn about a provision under Section 150(11) of the Companies Act 2014 that allows for the non-disclosure of residential addresses in exceptional circumstances. What Is the Form T1 Exemption? As a rule, all company officers in Irish companies must provide their residential address [...]
The Companies Registration Office (CRO) recently held its latest Stakeholders’ Meeting, sharing a number of useful updates for anyone involved in running or supporting companies in Ireland, Here is a summary of some of the points discussed: Company Formations on the Rise There has been a notable increase in new company registrations in Ireland. Formation numbers [...]
What to do with Dormant Companies? With the Companies Registration Office (CRO) set to re-commence their involuntary strike off regime, it's crucial for companies to stay vigilant. Even a single late annual return could put a company at risk of strike-off. Prompt action is essential to prevent possible enforcement by the CRO. Dormant companies are still [...]
Members Voluntary Liquidation v Voluntary Strike Off When an Irish registered company reaches the end of its natural existence, loses its original purpose within a group structure, or perhaps never commenced any activity, the Directors should take steps to formally dissolve and remove it from the register. This can be achieved by either placing the company [...]
Recording Satisfaction of Mortgage/Charge Payments at the CRO When an Irish registered company has either fully or partly paid off a mortgage or charge, it is vital to record this at the Companies Registration Office (CRO). This ensures that external third parties, such as potential investors, creditors, other lenders, and credit rating agencies, are made aware [...]
Registrar of Beneficial Ownership (RBO) Enforces New Powers Under Companies Act 2014 The Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies (RBO) has swiftly utilised her new authority under Section 726(i) of the Companies Act 2014. This section permits the involuntary strike-off of companies that fail to file beneficial ownership details. Warning [...]