The striking off of a company from the Register of Companies can be voluntary or involuntary. Elsewhere on this site you can read about the voluntary strike off scheme; in this piece we will take a look at involuntary strike off of a company and how to restore it to the register of companies. Serious … Read more
There are two forms of company strike off involving striking the company off the Register of Companies at the Companies Registration Office (CRO)-voluntary and involuntary. It is important to understand the difference. Voluntary strike off Section 311 of the Companies Act 1963 allows the Registrar of Companies to remove companies from the Registrar as part … Read more
Company directors can be held personally liable for the debts of the company in exceptional circumstances. Fraudulent trading This would occur if a director carried on business with the intent to defraud but the intent to defraud must be proven. This is known as fraudulent trading. Reckless trading Reckless trading can also lead to … Read more
Winding up a company in Ireland can be effected by a voluntary winding up by the members or a “voluntary” winding up by the creditors of the company. This latter winding up arises when a liquidator appointed by the members forms the opinion that the company is unable to pay it’s debts. 1) Voluntary winding … Read more
If you are thinking about buying or selling a business in Ireland the principal decision you will have to make at the outset is how you will structure the transaction. There is essentially two methods of carrying out a transaction- 1) A share purchase 2) A purchase of the assets and liabilities of the business. … Read more