Dáil Éireann Debate, Tuesday - 8 May 2018
235. Deputy Billy Kelleher asked the Minister for Business, Enterprise and Innovation if the Companies Registration Office has properly assessed the relevance and usefulness of the current statutory filing requirements for the micro company since the commencement into law of the provisions of the Companies Accounting Act 2017. [20192/18]
Amharc ar fhreagraThe Companies (Accounting) Act 2017 commenced on 9 June 2017 and transposed the 2013 EU Accounting Directive. Along with other amendments to the Companies Act 2014, the 2017 Act introduced the concept of a ‘micro’ category of company, to exist alongside small, medium and large companies.
The obligation on a micro company is to file financial statements annually with the Companies Registration Office (CRO). The CRO is the central repository of public information on Irish companies and business names. The CRO’s Mission Statement is: “to oversee the highest possible rate and quality of annual return filing on the part of companies in accordance with the relevant statutory provisions and to ensure that information on companies published in turn by the CRO is timely and accurately reflects the information provided by those companies.”
The Government is committed to ensuring that the Companies Act 2014 continues to deliver a robust yet competitive corporate regulatory framework for business in Ireland. Consequently, the provisions of the Companies Act 2014, including the recently introduced provisions of the Companies (Accounting) Act 2017, are under continuous review.
