11th April 2019 |
An Act to amend section 343 of the Companies Act 2014; and to provide for related matters.
A company has a maximum of nine months after its financial year end to prepare an annual return and the associated financial information for filing with the Companies Registration Office (CRO) where it will be publicly available. Currently there is a two-step procedure for a company in filing an annual return with the CRO, each step allowing up to a maximum of 28 days. The Act amalgamated these two periods of 28 days to provide a single step with a maximum of 56 days to complete the process. The administrative burden on companies is thus reduced by simplifying procedures and making it easier to meet filing obligations. The Act was signed into law by the President on 11 April 2019. It is expected that the Act will be commenced towards the end of Quarter 4, 2019.
Commerce, Consumer and Competition
Companies Act 2014, Company Law