Trinity Business Assist – a highly experienced Secretarial Company offering complete and professional Company Secretarial Services in Dublin.
Annual Return Date (ARD)
We are happy to attend to the preparation of Annual Returns together with the drafting of the accompanying AGM minutes. It is essential that companies have their Annual Returns brought up to date and that they are maintained on an ongoing basis. Failure to do so can result in the company being struck off or being subject to a fine of up to €1,900 per outstanding return. The Registrar of Companies has also begun to apply these fines against the Directors personally.
Companies may wish to change their name for a variety of reasons, for example a change in the principal activities of the company, where a ready-made company has been obtained, or prior to the company going into liquidation. Trinity Business Assist can advise on the availability of a proposed company name. Once the name has been checked, we can then prepare the various minutes, resolutions and Companies Registration Office forms for signature by the directors and shareholders of the company. Change of names currently take between 4-6 weeks to be registered.
Where a company wishes to increase its issued share capital, we can prepare the Directors Minutes, the Share Certificates, forms for submission to the Revenue Commissioners/ Companies Registration Office and we can attend to the updating of the Register of Allotments and the Register of Members. Where the company is issuing the shares for a non-cash consideration, as in a capitalizing of Revenue Reserves or Bonus Issue, we can prepare all necessary documentation.
If the company has ceased trading (or has never traded and is not going to do so), it should be taken off the Register of Companies. A company, whether trading or not, has to file a return annually with the Registrar of Companies with a set of accounts. If the company is not trading, fees in the preparation of the accounts and filing fees will still have to be incurred. Directors of a company that do not file the required returns in the Companies Registration Office on time, leave themselves open to a potential fine by the CRO of € 1,905, plus late filing fees which are enforced and are costly and unnecessary.
The winding-up process includes the following:
- Preparation of a statement to the effect that the company has ceased trading or has never traded, and that it will not re-commence or commence trading, as applicable, in the period prior to its being struck off the register.
- A statement to the effect that the company has no assets or currently outstanding liabilities.
- Filing of all outstanding annual returns and payment of relevant fees and penalties.
- A letter of no objection from the Revenue Commissioners.
- An advertisement published in one daily newspaper circulating in the locality of the registered office of the company.