The timing may be tough but failing to file beneficial ownership details will be much tougher!
Posted by Kathryn Maybury on Wednesday, 18 November 2020
A post by Kathryn Maybury | Managing Director | KOMSEC Limited | Company Secretarial Services | Corporate Governance | Compliance |
Tel: +353 (0) 1 2107595 Email: kmaybury@komsec.ie
Just to add to the joy of working from home and all its attendant pleasures companies are now starting to receive notices of non-compliance for failing to file beneficial ownership details with the Central Register of Beneficial Ownership!
The timing may be tough but failing to file beneficial ownership details will be much tougher.
All companies incorporated in Ireland must file beneficial ownership details with the Central Registry. Failure to comply is an offence leaving both the company and its directors liable to:
(a) on summary conviction Class A fine (up to €5,000); or
(b) on conviction on indictment Fine not exceeding €500,000.
If you do nothing else this week at least check if your company has filed, and if not, get the ball rolling asap.
Add your comment below!
Please note that comments are reviewed by the administrator prior being visible.
Blog categories
- All Categories
- Boards
- Charities
- Companies Registration Office
- Company Law Review Group
- Company Registers
- Directors
- Meetings
- Latest News
- Annual Returns
- Beneficial Ownership (1)
Blog Archive
- March 2024 (2)
- February 2024 (2)
- January 2024 (1)
- December 2023 (2)
- November 2023 (1)
- October 2023 (3)
- July 2023 (1)
- June 2023 (1)
- May 2023 (2)
- April 2023 (2)
- February 2023 (2)
- January 2023 (1)
- November 2022 (3)
- September 2022 (2)
- August 2022 (1)
- June 2022 (2)
- May 2022 (3)
- April 2022 (2)
- View older Posts (97)