A series of updates from the Companies Registration Office (CRO)
- Companies Accounting Act 2017
The Companies (Accounting) Act 2017 has been passed by the Oireachtas and is due to commence shortly.
Section 15 amends Part 6 of the Companies Act 2014. It inserts a new Chapter 1A (sections 280A to 280H) which provides for the criteria or companies to qualify as "small", "medium" or "large", and introduces the new "micro" category of company.
- Unlimited companies – no exemption available
The Companies (Accounting) Act 2017 removes the option for an unlimited company to apply for a suffix exemption. This Act does not affect any exemption already granted by the Minister. Only DACs/CLGs can apply for further exemptions.
- Public Office – Gloucester Place Lower
The CRO Public Office and the Registry of Friendly Societies have completed their change of address. The CRO/RFS have both moved to Bloom House, Gloucester Place Lower, Dublin 1. The Public Office entrance is on the corner of Sean McDermott Street Lower and Gloucester Place Lower.
It is not possible to deliver documents outside office hours at the Bloom House address. Hand delivered documents (including deliveries by couriers) must be delivered between 9.30 am and 4.30 pm Monday to Friday only.
- Digital Certificates change of name/re-registration
Certificates of Change of a Company Name and Re-Registration of a Company Type will be issued as "digitally certified" documents commencing Thursday 8 June 2017. These Digital Certificates will replace the paper Certificates currently in use which are posted out to presenters. They will be emailed as a pdf document to the email address entered in the "Company email address" section of the G1Q form and D20 form following registration. Presenters can provide these digital certificates directly to third parties such as banks and other financial institutions by email as required.
- Fast track requirements – June 2017
As the CRO will introduce mandatory electronic filing for the submission of the following documents from 1 June 2017 in accordance with S.I. No. 458 of 2016 and Section 897, Companies Act 2014.: B1 - Annual Return (including financial statements and electronic payment), B2 - Change of registered office, B10 - Change of director and/or secretary, or a change in their particulars, B73 - Nomination of a new annual return date, presenters should note that it is up to the company officers to ensure that all documents are completed correctly to ensure that the restoration can be completed on the day.
From 1 June 2017, mandatory efiling of B1's, B10's and B2's will mean that if information is incorrect, or further information is required, it will have to be completed online.
- Mandatory efiling of certain forms from 1 June 2017
The CRO has introduced mandatory electronic filing for the forms B1,B2, B10 and B73 as of June 1st 2017.
From 1 June 2017, the sole means of filing a B1 and financial statements and paying for an annual return is in electronic form. The return may be digitally signed using Revenue Online Service (ROS), otherwise, the signature page must still be printed off, signed and delivered to the CRO. Please see website pages on Mandatory E-filing.
View more updates in the CRO newsletter here.