Irish businesses face a critical compliance deadline as the Companies Registration Office (CRO) and Register of Beneficial Ownership (RBO) aggressively pursue company strike-offs.
The latest CRO Gazettes details the first companies targeted under this intensified campaign, specifically those incorporated in July 2024 who failed to meet their 5-month RBO filing deadline.
These companies are now receiving 14-day warning notices. The consequences of strike-off are severe, including directors losing limited liability, facing personal debt liability, and potential disqualification, with company assets reverting to the state.
Immediate action is essential to ensure compliance and avoid this fate, particularly by reviewing and updating RBO filings and general CRO compliance.
We understand compliance can be complex. Feel free to contact us for guidance and help.