Companies Bill 2012

Public bill · Government · Presented

The Companies Bill 2012 would bring Ireland’s scattered company-law rules into one clearer framework, while updating how companies are formed, managed, financed, audited and closed. It would create a simpler standard private company that could have one director, use a single constitution and carry on any lawful business, while allowing existing companies to keep their stated objects by becoming designated activity companies. The Bill would also make mergers and company divisions easier, give small firms greater access to examinership and audit exemptions, and modernise electronic filings and shareholder decision-making. Stronger duties for directors, clearer financial-reporting rules, new penalties and expanded enforcement powers would aim to protect shareholders, employees, creditors and the wider public.

Formal long title

Bill entitled an Act to consolidate, with amendments, certain enactments relating to companies and to provide for related matters

Last updated 12 April 2018