Companies Act 2014: Approaching Conversion Deadlines

Irish incorporated companies must take the relevant action to ensure compliance with the Companies Act 2014 (the "Act") by either (a) converting to a DAC (by the August deadline) or a LTD (by the November deadline); or (b) changing the company name before December.

The new company law regime in Ireland, introduced under the Act has been in force for just over a year, and with the transition period commenced on 1 June 2015 coming to a close, relevant companies that have not already done so must take immediate steps to convert to one of the new company types established by the Act. See our original advisory for an analysis of these company types, here.

LTD or DAC?

All existing private limited companies must convert during the transition period or face being automatically converted to a LTD by the Companies Registrations Office (the "CRO") after 1 December 2016. This default position is best avoided and companies should be proactive in converting in the interest of