The Companies Act 2014: What You Need to Know
The Ministerial Order (SI 169 of 2015) commencing the Companies Act 2014 is now available in the online version of the Irish Statute Book here.
The Order provides that virtually all the Act comes into force on 1 June 2015. The exceptions are these:
the repeal of Part V of the Companies Act 1990 – the prohibition of insider dealing on non-regulated markets – is being deferred and therefore this law continues until further notice; certain technical provisions relating to mergers of public limited companies are preserved; and the repeal of the Bank of Ireland Acts is deferred pending the re-registration of Bank of Ireland as a company under the Act. In addition, the Order also clarifies that certain accounting-related provisions come into operation on the first day of the next financial year of a company that falls on or after 1 June 2015). Those provisions are:
section 167 – the requirement to establish an audit...