OmniPro Companies Act Conference 2016

Past Event: This event happened on Thursday, 14th July 2016.

Ruairi Mulrean to Speak at the OmniPro Companies Act Conference on the 14th July at the Crowne Plaza Hotel, Dublin.
 

Ruairi who is a Partner in the Corporate and Commercial Department at LK Shields will discuss the Summary Approval Procedure.

The Companies Act 2014 commenced on 1st June 2015. The Summary Approval Procedure is covered in Chapter 7 of Part 4 of the Companies Act 2014.

It is a new procedure and permits certain restricted activities that would otherwise be prohibited. It is a new provision of the 2014 Act which draws together several validation procedures from previous Acts.
 

The restricted activities are

• the financial assistance for the acquisition of shares (section 82),
• reduction in company capital (section 84), 
• variation of company capital on re-organisations (section 91), 
• prohibition on pre-acquisition profits or losses being treated in holding company’s financial statements as profits available for distribution (section 118),
• prohibition of loans to directors and connected persons (section 239),
• domestic merger (section 464), 
• members voluntary winding up (section 579).
  
   

If you would like further information on this topic, please contact Ruairi Mulrean at rmulrean@lkshields.ie.
 

The conference will commence at 9.15am and conclude at 5pm. Registration will begin at 9am.