CRO Newsletter Issue 195

Review of Business Names Act 1963

The Department of Business, Enterprise and Innovation is reviewing the Registration of Business Names Act 1963. As part of the review process, the Department is seeking submissions from interested parties. The deadline for submissions is 5pm on Tuesday, 10 September 2019.


Taking Care of Business

A free one-stop-shop event for SMEs, start-ups and entrepreneurs, ‘Taking Care of Business’, will take place on Wednesday, 2nd October, in the Sheraton Hotel, Gleeson Street, Athlone. This half-day event is for those who own or manage a small business or are thinking of starting a new business.

To find out more about this unique event, and to register, please visit www.takingcareofbusiness.ie. Attendance is free but early booking is strongly advised as numbers are limited. https://www.eventbrite.ie/e/one-stop-shop-for-business-tickets-62194109255


Brexit

Government Departments, enterprise agencies and regulatory bodies have a range of supports covering advice, finance and upskilling to help your business navigate its way through Brexit. With just weeks to go to the UK withdrawal from the European Union, understanding the potential implications is a key first step in developing your Brexit contingency plan.   


Central Register of Beneficial Ownership of companies and industrial & provident societies (RBO)

The Registrar of Companies has been appointed as the Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies with effect from 29 July 2019. Accordingly, the RBO is open to accept filings. Filing of beneficial ownership data can only be made on-line through a portal on the RBO website at www.rbo.gov.ie. There are no paper forms and no filing fees involved. Companies and societies will have until Friday 22 November to file their data with the RBO without being in breach of their statutory duty to file. For updates, please follow RBO on Twitter and on LinkedIn.

Reasons for submission rejection (RBO)

The RBO Register is designed to accept and register submissions when all details entered are correct. Under Data Protection regulations, the RBO does not have access to the personal details entered by the presenter. Personal details are verified against Department of Employment Affairs and Social Protection (DEASP). They are not verified with the Revenue Commissioners.

Based on the first two weeks of operation of the register, these are the common reasons for a submission rejecting:

  • PPSN and/or Date of Birth is incorrect
  • Mismatch on name
    • Using maiden name instead of married name and vice versa
    • Using middle name in everyday usage, but not matching with forename as registered with DEASP (Paul Smith vs Michael Paul Smith)
    • Using shortened versions of a name (Des/Desmond, Eddie/Edward)
    • Using variations of a name (Bridget/Breege, Ted/Edward)
    • Using Irish version of a name, when English version is registered with DEASP (Eibhlínn/Eileen)
    • Using English version of a name, when Irish version is registered with DEASP (Eileen/Eibhlínn)
  • Mix-up on entering details for multiple beneficial owners 

If you have any queries regarding the information registered with the Department of Employment Affairs and Social Protection you are advised to contact them.

Registry of Friendly Societies

The Registry of Friendly Societies (RFS) now has a YouTube channel available with information on how to submit an annual return online/how to order documents online etc.

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