Overview A Designated Activity Company is a new type of corporate entity which is provided for by the Companies Act, 2014. The default position under that Act is that companies are private limited companies (LTDs) with unrestricted objects. The principal distinguishing characteristic of a Designated Activity Company is that it has an objects clause. A Designated Activity Company is very similar to […]
DACs by Guarantee The Companies Act, 2014 continued in being companies limited by guarantee having a share capital, which were incorporated under the previous legislation. They are deemed to be a Designated Activity Companies limited by guarantee. The Act continued in force their memorandum and articles of association, save to the extent that they are inconsistent with the mandatory provisions […]
Overview External companies are limited liability body corporates established outside the State. Part 21 of the Companies Act 2014 prescribes different rules for EEA companies in accordance with the Branch Disclosure Directive and for non-EEA companies. Where an external company (whether EEA or non-EEA incorporated) has a branch established in the State, it is subject to the requirements of Part […]
Unlimited Company Types The Companies Act, 2014 provides for three types of unlimited company, namely, a private unlimited company (ULC); a public unlimited company (PUC); and a public unlimited company with no share capital (PULC). Irrespective of the type of unlimited company, the name of the company shall end with the words “unlimited company” or “cuideachta neamhtheoranta”. The general provisions of […]
Overview I Existing companies limited by guarantee were continued in being by the Companies Act, 2014. During the transitional period of 18 months from 1 June 2015, the provisions of the earlier Companies Act relating to the use of the words “limited” and “teoranta” in their name applied. The new provisions regarding their name applied as and from the end […]
Overview I Existing companies limited by guarantee were continued in being by the Companies Act, 2014. During the transitional period of 18 months from 1 June 2015, the provisions of the earlier Companies Act relating to the use of the words “limited” and “teoranta” in their name applied. The new provisions regarding their name applied as and from the end […]