2018 Ezine Newsletter

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CRO Newsletter 4th April 2018

TRACKING DOCUMENTS USING CORE: Workspace & Company Watch Facility 

When you submit a document online to the CRO through CORE (CRO’s online filing system) you can use your Workspace to track the status of all documents that you have submitted electronically. As the status of the document changes on the CRO system it also changes within the workspace e.g. sent back, received, registered etc. https://core.cro.ie/Home/FullHelp.

You can also put a watch on a particular company or companies that you are responsible for https://core.cro.ie/Home/CompanyWatchRequestHelp.

Using both of these facilities will ensure that you know if your documents have been received into the CRO and whether they have been sent back for amendments. If a document is sent back you will also receive notification of the returned document by email. Please ensure that you have provided an up todate and monitored
email address and also check your spam folder. The email address used is the one associated with your CORE account and can be checked or changed in CORE under your profile in Administration. Electronic documents are not returned by post. 
 
 
COMPANIES WILL NOT BE GIVEN 14 DAYS WHERE B1 IS NOT SIGNED 

Since 1st April 2018, B1’s are automatically rejected where the B1 signature page or overall certificate is not signed or if it has only one signature. The Registrar will not use her discretion under Section 898 of the Companies Act 2014 in these cases and 14 days for the amendment required are not allowed.

A new annual return must be captured, financial statements uploaded and a new signed signature page delivered to the CRO. Where this new annual return is more than 28 days after the company’s Annual Return Date the B1 will be late. 
 
 
ANNUAL RETURN LATE IF FINANCIAL STATEMENTS NOT UPLOADED 

Since 1st April 2018 Financial Statements must be uploaded prior to sending in a signed signature page to the CRO. If a signature page is received and there are no financial statements uploaded then this annual return will be rejected. Companies will not be given 14 days to upload the financial statements. 
 
 
ANNUAL RETURN LATE IF FINANCIAL STATEMENTS UPLOADED LATE 

A reminder that if you upload your financial statements after the 28 day period allowed following the capture of the B1 online, then your full annual return is late and you will be charged a late filing penalty and, where relevant, lose your audit exemption for two years. 
 
 
REQUESTS TO RETURN AN ANNUAL RETURN 

Where a company or a presenter rings the CRO and requests that an annual return be returned prior to the CRO receiving the signature page this request will not be facilitated if within 3 days of the delivery date on the signature page. 
 
 
CHEQUES WILL NO LONGER BE ACCEPTED FOR CUSTOMER ACCOUNTS 

From 1st June 2018 the CRO will no longer be accepting cheques as a method of payment to top up a Customer Account. The use of cheques is being phased out, this began with the removal of this option when filing a B1 Annual Return. A Customer Account can be topped up by Credit Card or through an Electronic Funds Transfer (EFT) provided that you put your Customer Account number as a reference on the EFT and you notify us by email that such a transfer has occurred. 
 
 
EXTERNAL COMPANY BRANCH DEFINITION 

On 8th February 2018, the Minister for Business, Enterprise and Innovation signed into law the Companies (Accounting) Act 2017 (Commencement) Order 2018. This order appoints 9th June 2018 as the day on which section 80 of the Companies (Accounting) Act 2017 (no. 9 of 2017) comes into operation. Section 80 amends section 1300 of the Companies Act 2014 and the definition of EEA company and non-EEA company. 
https://www.cro.ie/Registration/Foreign-Company

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