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ARTICLE · 29 NOVEMBER 2024

Companies Act Amendments

The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was signed into law on 12 November and amends the Companies Act 2014 (the Act).

IrelandCorporate/Commercial Law

The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was signed into law on 12 November and amends the Companies Act 2014 (the Act). Commencement orders are needed for its provisions to become operational.

The first commencement order commences certain provisions with effect from 3 December 2024, including:

  • Common Seal: A new section 43A, reinstating on a permanent basis the temporary measure which was previously available for the duration of the "interim period", facilitates the execution of instruments under seal on separate counterparts. Section 43A applies "notwithstanding any provision of the company's constitution" and therefore will be an alternative to any provision regarding the affixing of the common seal set out in the company's constitution. For more see our recent Insights.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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