2017 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).

CRO Newsletter - Issue 170 - 8th August 2017

CRO & RFS ANNUAL REPORTS 2016

The 2016 annual report for the Companies Registration Office is now available on the website.
https://www.cro.ie/Publications/Publications/Corporate  

The Registry of Friendly Societies (RFS) annual report for 2016 is  also available at Corporate Publications. 
 

COMPANIES (ACCOUNTING) ACT 2017 

The Companies (Accounting) Act 2017 has been passed by the Oireachtas and commenced on 9th June 2017 (with the exception of s.80)

Link: http://www.irishstatutebook.ie/eli/2017/act/9/enacted/en/html

Section 15 amends Part 6 of the Companies Act 2014. It inserts a new Chapter 1A (sections 280A – 280H) which provides for the criteria for companies to qualify as “small”, “medium” or “large”, and introduces the new “micro” category of company.
https://www.cro.ie/Annual-Return/Financial-Statements-Requirements/Micro-Company  
 

STRIKE OFF PERIOD TO BE REDUCED 

The period between a missed annual return and the commencement of strike off proceedings against out-of-date companies is to be reduced. The current period of over 300 days will, over three months, be reduced to 200 days.

Link to further information on involuntary strike off https://www.cro.ie/Termination-Restoration/Company/Involuntary-Strike-Off 
 

DISCONTINUATION OF FAST TRACK FACILITY 

The Registrar of Companies has decided to discontinue the Fast Track facility for company restorations. The Fast Track facility was introduced to deal with a backlog in restoration applications. This backlog in restoration cases no longer exists and the CRO is introducing a new customer service target whereby companies will be
restored within 5 working days of receipt of correctly completed applications, including all outstanding annual returns.

Since 1st June 2017 efiling has been extended to facilitate the filing of multiple annual returns (B1s). Once a H1 application form (Restoration of Company on application to Registrar) has been filed within the statutory timeframe of 12 months after dissolution, outstanding annual returns can be efiled up to 15 months after the date of dissolution. The Fast Track facility has now been discontinued with effect from 1st August 2017. 
 

MANDATORY EFILING OF CERTAIN FORMS FROM 1ST JUNE 2017  

The CRO has introduced mandatory electronic filing for the forms B1, B2, B10 and B73 as of June 1st 2017.

Changes to filing Form B1 after 1 June

From 1 June 2017, the sole means of filing a B1 and financial statements and paying for an annual return is in electronic form. The return may be digitally signed using Revenue Online Service (ROS), otherwise, the signature page must still be printed off, signed and delivered to the CRO.

Please see website pages on Mandatory E-filing
https://www.cro.ie/2017-Changes/Electronic-Filing-Mandatory  
https://www.cro.ie/2017-Changes/FAQ-regarding-Mandatory-EFiling  
https://www.cro.ie/2017-Changes/FAQ-regarding-EFAs-and-Mandatory-EFiling  

Link to CORE (Companies Online Registration Environment)
https://core.cro.ie/  
 

BENEFICIAL OWNERSHIP - CENTRAL REGISTER ETC

Further information, including the definition of a "beneficial owner" and general information on the central register of beneficial ownership can be found at:
https://www.cro.ie/2017-Changes/Beneficial-Ownership  
 

 WHY NOT FOLLOW CRO ON TWITTER

CRO posts information on twitter regarding updates/changes to practices

https://twitter.com/cro_ie

Please login or register to post comments.

Theme picker