Deadlines for conversions

Companies wishing to be converted to a DAC must, under the Act, pass an ordinary resolution to convert by 31 AUGUST 2016 and should follow
up by filing a Form N2 and amended Constitution with the CRO as soon as possible thereafter.

Companies wishing to convert to an LTD and adopt a new Constitution should do so as soon as possible as the CRO cannot guarantee that
applications received at the very end of the transition period will be processed before 30 November.

 

31st August 2016 - Last chance to pass ordinary resolution to convert to DAC
30th November 2016 - Conversion period ends for LTD
 

Directors of companies wishing to be converted to a new company type are therefore requested to consider this matter at the earliest opportunity and to file your conversion applications with the CRO in good time.

CRO cannot guarantee that applications received at the very end of the transition period will be processed before 30 November 2016. 

To avoid delays with documents being returned please ensure:

  • Where a special resolution contains a number of decisions, CRO requires the resolution confirming the shareholders’ consent to
    the conversion to LTD to be extracted and filed with the N1 form, and that extract must be certified by a director or secretary as a
    true copy of the original.
  •  When converting to one of the new company types, a list of subscribers must be attached to the new Constitution. This list must be the ORIGINAL SUBSCRIBERS LIST as submitted to the CRO on incorporation, not the current list of subscribers/shareholders. 
  • It is the latest Authorised Share Capital and Share Value, as submitted to the CRO which must be stated on the new Constitution
  • Companies converting to the new LTD type do not need to state the Authorised Share Capital, but the current Share Value must be the
    most up to date value, as filed with the CRO 

See sections 191-198, Companies Act 2014 and SI No 39/2002 – section 23(1), Companies Act 1990 (Form and Content of Documents Delivered to
the Registrar) Regulations 2002.