Companies Act 2014

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What is the Companies Act 2014? 
A new Companies Act (2014) will come into effect on 1st June 2015, replacing the Companies Acts 1963 – 2013.
Amongst other changes, it will introduce two new company models — the LTD company model and the Designated Activity Company model.
The directors of all companies currently registered as private companies limited by shares must decide to convert their company to a:
  • LTD (Private Company limited by shares)
    or
  • DAC (Designated Activity Company limited by shares)
Alternatively, they need to re-register as another company type (where required/preferred).
AIB Bank are providing information on the process on their website, simply click here.
or for more information on the changes coming into effect with the Companies Act 2014, see the Companies Registration Office website http://www.cro.ie/