22 February 2019
This short Bill was published on 7 January 2019 and it proposes, once enacted, to amend s343(2) and s343(3) Companies Act 2014 (the ‘Act’).
Currently, the Act provides that a company has up to 28 days from its annual return date to file an annual return with the Companies Registration Office (‘CRO’). It then has a further 28 days to submit the financial statements to accompany the annual return.
The Bill proposes to amend the references in s343(2) and s343(3) from 28 days to 56 days to amalgamate the 2 steps into a single step process that can be done at any time within the full 56 days.
This has been described by the Department of Business, Enterprise and Innovation as a technical amendment that aims to reduce the administrative burden on companies.