Automatic conversion of Irish private companies on 1 December 2016
All private limited by shares companies that were in existence on 1 June 2015 automatically converted into the new form Private Company Limited by Shares at midnight on 30 November 2016.
Electronic certificates of incorporation
Electronic certificates of incorporation will issue from the Companies Registration Office in the coming weeks’ reflecting the change in company type.
The main consequence of this automatic conversion is that a Private Company Limited by Shares has a one document constitution with any existing memorandum containing objects clauses no longer applicable.
You will need to compare the company’s existing articles against the Companies Act 2014 and ensure that your company complies with Companies Act 2014 if a conflict arises.
Now might be an opportune time to review your company documents and put in place a new modern constitution that complies with Companies Act 2014.
We can assist you in:
(1) updating your company’s constitution; and/or
(2) registering as another type of company.
Contact us to set up an appointment.
Disclaimer
The material in this article is for general information purposes only and does not constitute legal or taxation advice. Specific legal and taxation advice should be sought before acting. All information and taxation rules are subject to change without notice.
No liability whatsoever is accepted by M. McLoughlin & Co. for any action taken in reliance on the information in this article