Category: Companies

Recognition of Companies There are a number of EU company law directives. They have harmonised certain critical areas EU wide. However, for the most part, the existence capacity and corporate functioning of the company is determined in most cases by the law of the member state “of incorporation”. There are EU laws which require the […]

Directors of Irish Companies with UK only Directors The Irish Companies Act requires that certain Irish companies must have an EEA resident director. After 2021, or the effective date of Brexit if later, a UK resident director will no longer satisfy this requirement. The obligation applies unless one of the following has been obtained;a €25,000 […]

Comparable and clear company financial statements across the EU Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of businesses aims to: ensure the clarity and comparability of financial statements, other than international financial reporting standards (IFRS); limit administrative burdens and provide for simple and robust accounting rules, […]

EEIG Requirements A European regulation provides for the establishment of European Economic Interest Grouping (EEIG). The purpose of an EEIG is to facilitate and develop economic activities of members by pooling of resources, activities or skills. It is not intended the grouping should make profits for itself. If it does make any profits they will […]

Mergers of Public Companies The third council Directive deals with mergers of public liability companies. In order to be subject to the merger, there must be a full absorption of one company in another or the formation of a new company. Whether mergers by acquisition or the formation of a new company the process consists […]

Shareholders’ Voting Rights I A Company law directive establishes minimum requirements to facilitate the exercise of shareholder rights at a general meeting of listed companies, particularly on a cross-border EU basis. It takes account of the possibilities offered by modern technology. The Directive applies to all companies with registered offices within the EU and shares […]

Requirements of Accounts The fourth company Directive deals with the annual accounts of limited companies. The annual accounts are to comprise a balance sheet, profit and loss account, and notes to the accounts.  The Directive lays down principles governing the contents of the documents. The directive provides for two balance sheet layouts leaving it to […]

General An EU Directive on takeover bids sets minimum guidelines for the conduct of takeover bids involving the securities of companies governed by the law of an EU state or where the securities are admitted to trading on a regulated EU market. It seeks to provide an adequate level of protection for holders of securities […]

Auditors An EU Directive on the statutory audit of accounts and consolidated accounts provides for external quality assurance, public supervision, the duty of statutory auditors and the application of international standards and principles of independence applicable to a statutory auditor. A statutory audit may be carried out, only by statutory auditors or audit firms approved […]

Changing your company registration from 1 January 2021 The UK formally left the EU on 31 January 2020. Find out if your business will need to change its company registration from 1 January 2021, and how to do this. Published 31 January 2020 From: Companies House The UK has left the EU This page tells […]

Indirect taxes on raising capital Directive 2008/7/EC — indirect taxes on the raising of capital seeks to regulate the indirect taxes levied by EU countries on the raising of capital. Indirect taxes are those levied on goods and services rather than on income or profits. While it generally prohibits these taxes, notably capital duty, it […]

Shareholder Rights Directive Directive 2007/36/EC on the exercise of certain rights of shareholders in listed companies Directive (EU) 2017/828 amending Directive 2007/36/EC The Directives  establish rules promoting the exercise of shareholder rights at general meetings of companies with registered offices in the EU and the shares of which are admitted to trading on a regulated […]

Certain aspects of company law concerning limited liability companies Directive (EU) 2017/1132 – codification of certain aspects of company law concerning limited liability companies. In the interest of legal clarity and certainty, the directive codifies a series of previous directives on certain aspects of European company law.   These directives concerned key areas of European […]