Deadlines for Conversion under the Companies Act 2014

Deadlines for Conversion under the Companies Act 2014
20
May

The deadlines for companies wishing to be converted to a Designated Activity Company (DAC) or to a Private Limited by Shares (LTD) are shortly approaching.

Under the 2014 Companies Act all existing private companies limited by shares (ie. companies incorporated under the previous Companies Act) have the option of converting to one of the new company types (LTD or DAC) during a transition period which ends on the 30th of November 2016.

Private companies limited by shares that have not applied to the Companies Registration Office to be converted to either a DAC or LTD during the transition period will be automatically converted to an LTD under the terms of the legislation by the first of December 2016.

All company directors should review their current company structure and make arrangements to file their conversion application with the Companies Office in good time.

Deadline to pass ordinary resolution to convert to DAC 31st of August 2016.

Deadline for conversion period for LTD 30th of November 2016.

Please contact Emer O’Callaghan emer.ocallaghan@bmomeara.ie