The Office of Director of Corporate Enforcement (ODCE) was established under the Company Law Enforcement Act 2001 to enforce and encourage compliance with company law. The ODCE continues its work under the Companies Act 2014.
The functions assigned to the Director of Corporate Enforcement under the Companies Act 2014 include:
- enforcing and encouraging compliance with company law;
- investigating suspected offences under the Companies Act 2014;
- prosecuting detected breaches of the Companies Act 2014;
- referring cases to the Director of Public Prosecutions for prosecution on indictment; and
- exercising a supervisory role over the activities of liquidators and receivers.
The 2014 Act provides that the Director of Corporate Enforcement is required to be independent in discharging his compliance and enforcement role and to keep confidential any information obtained in the performance of his functions.
The purpose of this is to ensure that investigations into possible breaches of law are carried out without the possibility of interference from any party or the appearance of any such interference.
Further information on the functions and role of the ODCE can be obtained by visiting the website www.ODCE.ie