Poist pholasaí
Auditing and Accounting Policy and Enforcement Legislation
Ó An Roinn Fiontar, Trádála agus Fostaíochta
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
Ó An Roinn Fiontar, Trádála agus Fostaíochta
Foilsithe
An t-eolas is déanaí
Teanga: Níl leagan Gaeilge den mhír seo ar fáil.
Development of policy, preparation and drafting of legislation in relation to company law (auditing); the negotiation of EU proposals on this area of company law and the transposition of EU proposals into domestic law.
. . . . more on Audit Policy
Preparation and drafting of legislation in relation to company law (accounting); the negotiation of EU proposals on this area of company law and the transposition of EU proposals into domestic law.
. . . . more on Accounting Policy
The General Scheme of the Companies (Corporate Enforcement Authority) Bill was published on 4 December 2018. The General Scheme gives effect to 2 of the 14 measures in the Government’s package of “Measures to enhance Ireland’s corporate, economic and regulatory framework”, which is subtitled ‘Ireland combatting “white collar crime”’ and was published on 2 November 2017. Those 2 measures are –
Establishing the Office of the Director of Corporate Enforcement as an agency that is better equipped to investigate increasingly complex breaches of company law;
Implementing recommendations of the Company Law Review Group on corporate governance.
The General Scheme also incorporates some additional provisions, such as –
Implementing recommendations of the Company Law Review Group on shares and share capital;
New ground for the restriction of company directors;
Measures with respect to the conduct of liquidations and oversight of liquidators;
Transparency measures with respect to companies and the Register of Companies.
The European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (SI No 233 of 2023) were signed into law on 24 May 2023 and came into operation on that day with some exceptions.
The regulations, which transpose EU Directive 2019/2121, are largely technical in nature, amending existing rules for cross-border mergers and introducing harmonised rules for cross-border conversions and divisions. The regulations provide for companies to restructure within the Internal Market, for the use of digital tools, and offer effective protection for stakeholders including employees, creditors, and minority shareholders.
A cross-border conversion is where a company (without being dissolved, wound up or going into liquidation) converts the legal form under which it is registered in its existing Member States (MS) into a legal form of another MS by operation of law. Following conversion, the assets, liabilities and members of the converting company become those of the converted company.
A cross-border mergeris where one or more companies from two or more MS, transfer their assets and liabilities to an existing or a newly formed company.
A cross-border divisionis where a company divides into two or more companies across several MS. In a full division, the company being divided ceases to exist and its' assets and liabilities are transferred to two or more recipient companies. In a partial division, part of the assets and liabilities of the company being divided are transferred to one or more recipient companies and the company being divided remains in existence.