2014 Ezine Newsletter


Email Newsletter
The CRO newsletter facility allows subscribers to receive regular news updates from the office by email. These emails are delivered in text format:

1. CRO E-Zine
This is an electronic bulletin published once a month. It informs all subscribers of the current developments within the Office and also notifies subscribers of future events.

2. Interim Messages
The email newsletter service is effectively split in two (though only one subscriber list is used). Every subscriber receives delivery of the CRO E-Zine once every month. In the interim subscribers may receive further updates if necessary from the Office (urgent or time sensitive messages).

Christmas/New Year - Public counter opening hours

Christmas opening hours

Wednesday 24th December 2014 9.30am to 12 noon
Thursday 25th December 2014 Closed
Friday 26th December 2014 Closed
Monday 29th December 2014 9.30am to 1pm and 2.15pm to 4.30pm
Tuesday 30th December 2014 9.30am to 1pm and 2.15pm to 4.30pm
Wednesday 31st December 2014 9.30am to 1pm and 2.15pm to 4.30pm
Thursday 1st January 2015 Closed
Friday 2nd January 2015 Normal hours resume

The fast track restoration facility will be available as normal from 10.30am and 12 noon on the 29th, 30th and 31st December.

Because of the disruption caused to services over the holiday period, annual returns, where the deadline for filing falls between 24th December 2014 and 4th January 2015, will be treated as received on time if filed by close of business on Monday 5th January 2015

The Registrar and Staff of the CRO wish all our clients a Happy Christmas and Prosperous New Year.

 Christmas 2014 Deadlines - New Companies

The CRO cannot guarantee that submissions received after the dates set out below will be processed before the Christmas break.

 

Scheme Date
Ordinary Scheme 3rd December 2014
Fé Phrainn Scheme 10th December 2014
Online A1 Scheme 15th December 2014
Change of Name 10th December 2014
Re-Registrations 10th December 2014
Company Name Reservations 17th December 2014

Cancellation of Industrial and Provident Societies

All Industrial and Provident Societies  (I & P Societies) are obliged to file annual returns, including audited accounts, with the Registry of Friendly Societies each year.  A cancellation process will commence in December in respect of any I & P societies who have defaulted on this obligation in respect of the years 2012 and 2013.  All such societies should endeavour to bring their filings up to date in order to avoid cancellation.  Please note restoration may only be done by
application to the Dublin Circuit Court, there is no administrative process available to I & P societies.

https://www.cro.ie/Registration/Society-Union

Annual Returns filed in 2014 for 2015 - Reminder

The Companies Acts state that a company must file an annual return at least once in each calendar year.  A company with a 2015 ARD date must file an annual return with an effective date made up to, at minimum, 1st January 2015 in order to meet this requirement and move their next ARD on to 2016.

New Bill area of website - Reminder

The Companies Act 1963-2013 will shortly be replaced by a new Companies Act. The legislation is currently passing through the Oireachtas. It is expected to be enacted before the end of 2014 and commenced in mid-2015.

On foot of this CRO has added an area to the website, this tab being called Companies Bill.  The Annual Return (B1) has now been added as a DRAFT FORM. There is also a Frequently Asked Questions area which Companies should use to prepare for the new changes.

https://www.cro.ie/Companies-Bill/Overview

E-filing of C1 - New Companies Bill -  New priority system

The Companies Act 2014 will introduce a new two-way procedure in which a charge can be registered. These processes replace the Companies Acts 1963-2013.  The Commencement Date of the Companies Act 2014 has yet to be determined but is expected to be commenced in mid 2015.

Presenters: Prepare to secure the earliest possible priority for your Client's Mortgage

Are you ready for electronic filing of C1As/C1Bs?

Are you aware that you can now file C1's electronically?

Familiarity with electronic filing should be a priority for you as a Presenter of Mortgages.

Priority of charges, as and from the commencement of the New Companies Act in mid 2015  e-filing of charges will be linked to the date of receipt by CRO of the particulars of the charge. After commencement, the date of creation of the deed of charge will no longer determine its priority. Consideration is being given under the New Companies Act to the introduction of mandatory efiling of charges.

Currently CRO offers an efiling option for filing of a C1 (Particulars of a Charge created by a company incorporated in the State) using CORE.  This  simplifies the completion and presentation of the C1. Registration is completed following receipt of the paper signature page.  Adoptionof this efiling procedure now will ensure your familiarity with the process. This will be of great benefit to you in preparing for the new Priority regime.

To efile a CI go to WWW.CORE.IE.
 
NEW TWO STAGE PROCEDURE

The new Companies Bill will introduce a new two-stage procedure, whereby filing of Form C1A (notice of intention to create a charge), followed within 21 days by Form C1B (confirming the creation of thecharge)  will secure priority from date of filing of C1A.  C1 form will still exist - the one-stage option remains available under the legislation - but in order to secure the earliest possible priority, the C1A and C1B are likely to become the preferred option. It is likely that efiling of these forms will be mandated under the legislation. The option of signing with a ROS certificate will be made available

The quickest way to sign C1A/B/C1 is using ROS certificate – filing is then completed immediately and priority date secured.

If a signature page is used, the priority date will be the date of receipt of the manually filed signature page.

Full efiling of these forms, by using  ROS certificate to sign electronically, will secure earliest priority date.  The more familiar you are with online filing the better equipped and prepared you will be to fully take advantage of any new efiling system.

What you should do

There are two things you should do at this stage:

1. Make use of the current efiling facility at WWW.CORE.IE

2. Obtain a ROS certificate from Revenue

Link to Revenue website

http://www.revenue.ie/en/online/ros/index.html

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