CUR AR AIS - Fast Track

Ón 1 Nollaig 2010, ní ghlacfaidh an CRO a thuilleadh le híocaíocht seic nó Foirmeacha Údaraithe Íocaíochta (FÚÍ) as cuideachtaí a chur ar ais. Ní foláir íocaíocht a dhéanamh le Dréacht Bainc nó le hairgead crua. Ní mholtar airgead tirim a sheoladh sa phost. - (English text) CRO finds that a growing number of dishonoured cheques are being used to pay filing fees and penalties and are not being replaced by presenters. A number of these cheques have been used to pay the late filing penalties applicable in Fast-track company restoration cases - in these instances, the companies were restored on the date on which the application was received and their documents registered by CRO, with the dishonoured cheque being subsequently returned to the CRO by the bank on which it was drawn. Cheques in restoration cases tend to be for very large sums.

In order to address this serious and ongoing problem, as and from 1st December 2010, CRO will no longer accept payment by cheque or Payment Authorisation Forms for filing fees (including penalties) arising in respect of Fast-track Company Restorations.

Payment of filing fees (including penalties) in Fast-track restoration cases must in future be made by Bank Draft/Postal/Money Order or, as a Fast-track application requires personal attendance at the CRO Public Office Counter in Parnell Square, payment of filing fees may also be made in cash.

B1 -ANNUAL RETURNS AND ACCOUNTS - "STAMPED HAND-BACKS" "SEND BACKS"

Change in procedure for "Stamped Hand-Backs"

A new administrative procedure has been introduced at the CRO’s Public Counter in Parnell House to deal with annual returns and attachments (including accounts) that are identified by CRO Counter Staff as being deficient or incomplete.

The new procedure is as follows:

With immediate effect, if an incorrect or incomplete annual return/attachments is/are presented at the CRO Public Counter, the presenter may:

i) Take back the submission without a CRO date-stamp, on the basis that the submission has not been delivered to CRO. Where the company’s statutory filing period has not yet expired, the presenter may file the corrected version within the statutory filing period for the company concerned.

or

ii) Have the submission date-stamped by the CRO, to acknowledge receipt, whereupon CRO will issue to the presenter over the counter a "send back" letter which will be a Section 249A Companies Act 1990 Notice (see below).

Change in procedure in relation to "Send Back Letters"

In 2009, CRO sent back 27,000 annual returns to presenters for correction as they had not been completed in accordance with the Companies Acts. In some cases, the returns had to be sent back by CRO on a number of occasions before the specified errors were corrected. Apart from the fact that the companies concerned are not complying with their obligations under the Companies Acts, this is a burden on limited CRO resources.

In cases where an annual return does not comply with statutory requirements, Section 249A of the Companies Act 1990 provides that a notice may be issued by the Registrar specifying the manner in which a return does not comply with the statutory requirements and stating that unless the annual return is returned to CRO, duly amended, within 14 days, the return will be deemed not to have been delivered to the CRO.

With immediate effect, all "send back" letters issued by the CRO, whether at the Public Counter or by the Postal Lodgements Section in Carlow, will be issued as formal notices pursuant to Section 249A of the Companies Act 1990.

Section 249A provides:

"(1) If a document is delivered to the registrar which does not comply with... [the requirements] of the Companies Acts, the registrar may serve on the person by whom the document was delivered, a notice indicating the respect in which the document does not comply.

(2) Where the registrar serves such a notice, then, unless a replacement document-

(a) is delivered to her within 14 days after the service of the notice, and

(b) complies with the requirements referred to in subsection (1) above or is not rejected by her for failure to comply with those requirements,

the original document shall be deemed not to have been delivered to her."

The foregoing procedure has implications for the late filing penalty and a company’s entitlement to claim audit exemption. Section 249A(3) of the 1990 Act provides that in respect of the late filing penalty, no account is to be taken of the period between the delivery of the original document and the end of the period of 14 days after the service of the notice under section (1), but only if before the end of the 14-day period, a replacement document that complies with the requirements of the Companies Acts is delivered to the CRO.

Where a replacement annual return is not delivered to CRO within the 14-day period laid down in section 249A, the original return is deemed not to have been delivered to CRO. The clock on the late filing penalty is not stopped by virtue of the initial delivery of the return. If and when the company again files the annual return concerned with CRO, it has to be treated as a fresh submission and the late filing penalty due as at the date of its receipt will be applied. In addition, if the company re-files the corrected return outside the 14-day period, the date of delivery of that return to CRO is the date on which the corrected return is delivered to CRO. As such company is delivering its return outside the statutory filing period (effective date of annual return plus 28 days), it will on that basis lose any entitlement it may have to claim an audit exemption in respect of the accounts attached to that current annual return as well as in respect of the accounts to be attached to its annual return for the following year.

XBRL Event

E-Zine recipients might wish to note the event detailed at the following link which is being organised by Business Reporting Ireland Ltd in order to present XBRL. (eXtensible Business Reporting Language). Details on how to register for the event are available from the Chartered Accountants Ireland website.

(Irish Text)

CUIDEACHTAÍ NUA - SPRIOCDHÁTA NA NOLLAG 2010

Ní féidir leis an CRO dearbhú go ndéanfar ábhar atá faighte isteach aici, i ndiaidh na ndátaí mar a leagtar thíos, a phróiseáil roimh shos na Nollag.

• GNÁTHSCHÉIM 1 NOLLAIG 2010
• SCÉIM FÉ PHRÁIN: 8 NOLLAIG 2010
• SCÉIM CRODISK 13 NOLLAIG 2010
• ATHRÚ AR AINM 8 NOLLAIG 2010
• ATHCHLÁRAITHE 8 NOLLAIG 2010
• ÁIRITHINTE AR AINM CUIDEACHTA 15 NOLLAIG 2010

ACHAINÍ CHUN SCRÚDAITHEOIR A CHEAPADH DON ARDCHÚIRT

Má thíolactar achainí chun scrúdaitheoir a cheapadh don Ardchúirt faoi mhír 2 d’Acht na gCuideachtaí (Leasú) 1990, tá oibleagáid ar an achainíoch faoi mhír 12(1) den Acht sin chun Foirm E24 (fógra faoi thíolacadh achainí) a chomhdú leis an CRO taobh istigh de thrí lá i ndiaidh thíolactha na hachainí don Ardchúirt. Ní dhéantar an achainí iarbhír a chomhdú leis an CRO. De bhreis é seo ar an gceanglas faoi mhír 12(3), nach mór do scrúdaitheoir, taobh istigh de thrí lá i ndiaidh a c(h)eapacháin, cóip den ordú á c(h)eapadh a chomhdú leis an CRO.

IONCHÚISIMH

An 11 Deireadh Fomhair 2010, d’ionchúisigh an CRO 45 Cuideachta i gCúirt Dúiche Bhaile Átha Cliath toisc gur theip orthu 58 tuairisceán bliantúil ar an iomlán a chomhdú. Maidir leis na cuideachtaí sin, ciontaíodh 30 gcuideachta ar an iomlán i leith 42 tuairisceán bliantúil a bhí thar téarma, gearradh fíneálacha de shuim beagnach €54,100 agus dámhadh costais. Cuireadh cásanna 15 cuideachta ar athlá maidir le 16 tuairisceán a bhí thar téarma agus déanfar iad a éisteacht i mí Fheabhra 2011. Tá sé beartaithe go ndéanfar 50 cuideachta sa bhreis a ionchúiseamh ar an dáta sin.

TUAIRISCEÁIN BHLIANTÚLA LÍONTA I 2010 LE hAGHAIDH 2011

Sonraíonn Achtanna na gCuideachtaí gur gá do chuideachta tuairisceán bliantúil a chomhdú uair amháin ar a laghad i ngach bliain féilire. Caithfidh cuideachta a bhfuil dáta ARD 2011 aici tuairisceán bliantúil a chomhdú agus dáta éifeachtach i 2011 aige chun an riachtanas seo a chomhlíonadh agus a gcéad ARD eile a bhogadh ar aghaidh go dtí 2012.

Má chomhdaíonn tú do thuairisceán bliantúil agus dáta éifeachtach go mall i 2010 aige, agus tú ag súil go gcomhlíonfaidh sé seo do dhualgais chomhdaithe do 2011, ní chomhlíonfaidh sé iad agus beidh ort tuairisceán bliantúil a chomhdú fós i 2011.

Ní féidir le cuideachtaí comhdú go luath ach i dtaca leis an mbliain ARD reatha, gan le haghaidh bliana sa todhchaí.