The Companies Act 2014 introduced name changes to a number of company types. It also sets out a “conversion” process required for all existing private companies limited by shares (EPCs) into one of two new company types. This “conversion” procedure affects approximately 85% of Irish registered companies which were registered under the old Acts as Private Companies (Limited by Shares).
The new Companies Act doesn’t just consolidate all the Companies Acts from 1963 to 2013, it also introduces two new company models, one of which (the LTD company) is a much simplified company type.
All companies currently registered as the “Private Limited by Shares” company type can choose to convert to one of these two new company types - LTD (Private company limited by shares), or DAC (Designated Activity Company). Guarantee companies and unlimited companies will be required to change their names under the new Act.
No fees will be charged for companies undergoing the Conversion process or meeting the name requirements under the new Act. The relevant conversion documents may be filed for free.
Please see Leaflet no. 31 on conversions
Features of the new Company Models - LTD and DAC - existing private companies cannot avail of the features of the LTD company without having been converted first
Important: Please Note
The postal address for submissions on conversions is: The Companies Registration Office, O'Brien Road, Carlow.
Frequently Asked Questions
The Companies Act 2014 commenced on 1st June 2015. This Act replaces the Companies Acts 1963-2013 and only the new procedures should be followed from now on. The Act is a consolidation of the previous legislation with some new reform elements, several of which are introduced to ease the burden on businesses.
Am I obliged to change the company type and convert?
No. If, however, at the end of the transition period, 30th November 2016, conversion has not been effected, the Registrar of Companies will enforce the change and convert the company. However where a private company limited by shares (EPC) wishes to be a Designated Activity Company limited by shares, they must initiate the procedure or else 18 months after the commencement of the new Act, such companies which were incorporated under the previous Companies Acts, are automatically converted to the LTD company type. Please see timeframe set out below.
(1st June 2015)
All existing Private companies limited by shares (EPCs) operate under Part 16 of the Act dealing with Designated Activity Companies until the end of the Transition Period only.
15 months later
31st August 2016
Final date for companies who wish to convert by re-registration to Designated Activity Company (DAC) to initiate procedure.
Thereafter may only re-register following procedure under Part 20 or following a section 57 Companies Act 2014 court order.
18 months later
30th November 2016
Transition Period ends. Private limited by shares companies incorporated
under old Acts which have not availed of the opportunity to convert will automatically be converted.
The CRO will give effect to the deeming provisions under section 61 Companies Act 2014. They are automatically converted to LTD company model.
Copyright 2016 Public Office Address: Companies Registration Office, Parnell House, 14 Parnell Square, Dublin 1, Eircode: D01 E6W8. DX Number: 145001. Phone: +(353 1) 8045200
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