On Thursday, 16th July, last, we had the pleasure of attending an online briefing session organised by the ICSA and hosted by McCann Fitzgerald with representatives from the Companies Registration Office (including Ms. Maureen O’Sullivan, the Registrar of Companies) which discussed the latest developments at the CRO, their new e-filing project and the CRO’s current submission processing times. The session was well organised, very informative and a credit to those involved.
During the session, the CRO’s representatives advised that there will be significant updates to the CRO’s Core System which will include enhanced search functionality and an increased number of online forms. They also advised that many filings (including the B1 (the annual return) will move entirely online) with signature pages to be printed and signed in wet ink and then scanned up and uploaded via the Core System. The respective original signature pages will then have to be maintained in the records of the respective entities. Of note, the filing period for annual returns (which currently is 28 days with a further 28 days to return the signature paid and supporting documents) will be simplified to a total of 56 days.
In order to implement the changes, the CRO intends to suspend filings for a period in order to facilitate the migration of data from the old system to the new. It is planned that this will take place in or around mid-September this year however this is subject to the enactment of the legislation to support same.
We will continue to update our clients on same as and when more information comes to light.
We here at Corporate Governance Solutions can provide a full company secretarial service and special is the provision of services to regulated entities. We are authorised as a trust and company service provider by the Department of Justice and comply with the Central Bank’s fitness and probity standards.
We also provide a variety of compliance and trustee services. If you require any of these services, please don’t hesitate to contact us at info@Corporategs.ie.
At Corporate Governance Solutions we work with our clients and tailor our services to your needs. We ensure each client relationship is appropriately resourced. Through our expertise and experience we deliver on what we undertake to do.
Corporate Governance Solutions is authorised by the Department of Justice and Equality as a Trust and Company Service Provider
Phone: +353 1 555 49 40
Mobile: +353 86 1986 786