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ARTICLE · 21 JANUARY 2013

Companies Bill 2012

Maples Group
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The long-awaited Companies Bill 2012 ("Bill") published on 21 December 2012 is the product of extensive work by the Company Law Review Group ("CLRG") and in the words of Minister Bruton "is the largest substantive Bill in the history of the State".

IrelandCorporate/Commercial Law
Edward Miller
Edward Miller
Colm Rafferty
Colm Rafferty
Paul Dobbyn
Paul Dobbyn
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The long-awaited Companies Bill 2012 ("Bill") published on 21 December 2012 is the product of extensive work by the Company Law Review Group ("CLRG") and in the words of Minister Bruton "is the largest substantive Bill in the history of the State". At this stage it is expected that the majority of the Bill will be passed through both Houses of the Oireachtas by the end of 2013 with a view to enactment in early 2014.

It consolidates the Companies Acts 1963 -2012 and aims to simplify company law.

The Bill, which runs to 1429 sections and 17 schedules, is divided into two parts. Volume 1 covers a new legal entity, namely a simplified version of the private company limited by shares ("CLS").  Volume 2 deals with other forms of companies, including public limited companies, a new designated activity company ("DAC") which is similar in structure and constitution to the current private limited company, companies limited by guarantee ("CLGs"), unlimited companies,

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