Fast Track Restoration
Where a company has been struck off for a period not exceeding 12 months, a company may avail of the fast track process for restoration of a dissolved company (that is seeking to be restored via a Form H1). An officer of the company (the secretary or a director) must present himself/herself at the Cash Office in the CRO Public Office, Parnell House, 14 Parnell Square, Dublin 1 and remains in the office until such time as all documentation has been examined and processed to restoration. There is no Public Office in Carlow.
Form H1-OMC is not eligible for the FastTrack Restoration process. Form H1-OMC is for the restoration of an Owners Management Company.
Procedure to be followed
The following procedures must be adhered to:
- The company officer must present himself/herself to the CRO cashier (in the Public Office in Parnell House) between 10.30am and 12 noon with completed Form H1and all outstanding documentation and relevant fees; The company officer cannot avail of the fast-track restoration process for more that two companies at a time:
- The company officer must inform the cashier that he/she wishes to avail of the fast track process;
- The company officer will be asked to complete a form applying for the fast track process (the form will ask for the name of the officer and his/her position in the company);
- The company officer will be required to remain in the CRO until the company is restored to the register. This could mean a wait of up to 2 hours in case any amendments need to be made to the documentation presented or that extra forms need to be completed where company records are not up to date, i.e. Forms B2/B10;
- In the event that extra forms need to be completed extra fees will be payable. Fees are payable by bank draft, cash or postal order only for lodgment of documents;
- As of 1st December 2010, CRO no longer accepts payment by cheque or PAF (customer account) 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.
- If a Form B5 is outstanding, i.e. if the company has increased its issued share capital since the last documentation lodged, the company officer will not be able to avail of the fast track process. Every allotment of shares by a company limited by shares, or by a company limited by guarantee and having a share capital must be notified to the CRO on Form B5 within one month of the date of allotment. Since the abolition of companies capital duty with effect from 7 December 2005, Form B5 with an effective date on or after that date should be filed directly with the CRO (fee €15). However, a Form B5 that has an effective date prior to 7 December 2005 should be filed to Revenue's Stamping Office together with the registration fee (€15 plus appropriate capital duty). Capital duty is a matter for Revenue.
- Please note that as of May 9th 2011, company officers using the fast track facility to restore a company must produce current photo identification i.e current Driving Licence/Passport.
Every effort will be made to restore the company to the register provided all documentation is in order or if not, can be amended by the company officer at the counter.
Postal applications for H1/H1R restorations paid for by cheque cannot be processed by fast track until cheque has been cleared. (Approx. 2 weeks).
Please Note: Company cheques belonging to the dissolved company cannot be used to submit forms for the restoration as a dissolved company has no legal status.
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