CHANGE IN LAND REGISTRATION RULES IN PROPERTY REGISTRATION AUTHORITY
There has been a recent procedural change in Land Registry practice to facilitate their registration process in respect of charges over registered land.
In respect of debentures or commercial mortgages executed on or after 1st March 2012, where a specific charge on registered land is intended to form part of the security, Land Registry Form 115 must be sent to the Land Registry. The actual deed of charge is no longer required to be filed with the Land Registry. Form 114 is a new form used to secure registration in the Land Registry of a charge over registered land for present and future advances.
The new Land Registry forms are a simple abbreviated version of the charge. Please see Property Registration Authority website, www.pra.ie
, for further information.
Procedures in the CRO are unaffected by these administrative changes in the Land Registry. In particular, the new procedure introduced by the PRA does not result in a requirement to file a further Form C1 with CRO. Form C1 is required to be filed in respect of the creation of security by a company. No further or additional charge is created by such company when it completes the Land Registry Form in order to secure registration of the charge in the
Land Registry. The Land Registry Form 114/115 do not constitute a separate instance of security but derive from the deed of charge, and are in substance an extract from that deed of charge. Only one C1 ought to be filed with CRO where there has been a deed of charge and Form 114/115 has been filed with the Land Registry. Where only one party to the transaction has signed the C1, a certified copy of the deed creating the charge is required to be enclosed (not Form 114/115, but the main deed of charge) with the C1.
In the event that a Form C1 signed by one party is sent to CRO with Form 114/115, same will not be registered by CRO. The presenter will only be able to secure registration if a certified copy of the deed of charge is furnished to CRO with the C1.
Link to CRO website - Land Registry Rule Change.
NEW A1 AVAILABLE IN CORE HAS REPLACED CRODISK
It is now possible for members of the Fé Phrainn Scheme to file A1s (Incorporation of a New Company) in CORE - www.core.ie.
This change is essential as CRODisk has become outdated and we are no longer in a position to update and maintain it. You will notice that the A1 on CORE is also the new version of the A1 that is currently available on our website. Please note that CRODisk is no longer accepted in CRO since March 1st. If you have any queries you can contact claudine.forrest@djei.ie
ACCESS TO CRO DATA
The Companies Registration Office (CRO) is the central repository of public statutory information on Irish companies and business names. This information on Irish companies and business names is
stored electronically as data and document images on a database. CRO provides access to this data in a number of ways:
1.Limited information may be accessed freely through the Company Search tool on the CRO website;
2.CRO also makes Company Search functionality available for integration into other websites through Open Services; https://services.cro.ie/
3.Specific Company Documents may be purchased individually from the CRO website www.cro.ie;
4.Bulk Data consisting of information and/or document images of all companies on the register is available upon annual subscription;
5.CRO information may be accessed through European Business Register (EBR)
6.Free access to certain public authorities.
For more information go to: Access to CRO Data
CRO NO LONGER ACCEPTS PAYMENT BY CHEQUE OR PAF FOR FAST TRACK RESTORATIONS - REMINDER
CRO no longer accepts payment by cheque or PAF (company accounts)for Fast Track Restorations. Payment may be made by Bank Draft or Postal/Money Order. Where the documents are delivered to the Public Counter payment can also be made in cash. NB: Cash should not be posted to the CRO.
TWITTER
The CRO is now on Twitter. We will use this to provide links on our website on any new items. We will also use it to keep you informed of latest developments if we experience downtime on any of our services. You may follow us by visiting https://twitter.com/#!/cro_ie