The Companies Bill 2012 passed its final parliamentary stages yesterday evening and can now be signed into law by the President. This Bill, at more than 1,400 sections and 17 Schedules, is the largest ever Irish statute, consolidating and reforming Irish company law for the first time in over 50 years.
The Companies Act 2014, as it will now be called, is planned to come into effect on Monday June 1, 2015.
What the Companies Act 2014 means for your company
Every Irish private limited company must prepare for transition into the new regime by deciding to register as either a designated activity company (DAC) or company limited by shares (CLS) during the transition period.
You will find more information on the transition period and how the Companies Act 2014 will affect you and your company in the articles below:
We will be running a series of special events and issuing specially focused alerts and publications on the new Act in 2015.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.