Interim Company Law Provisions and Virtual General Meetings extended to 31 December 2022.
The interim period of the Companies (Miscellaneous Provisions) (Covid-19) Act 2020 has been further extended to 31 December 2022 following Government approval this week.
The 2020 Act introduced temporary amendments to the Companies Act 2014 and the Industrial and Provident Societies Act 1893 for an “interim period”, to deal with issues arising due to the COVID-19 pandemic.
The Minister expects that this will be the final extension to the temporary provisions.
The main features of the 2020 Act can be summarised as follows:
The main provisions in relation to cooperatives include:
The company law proposals on examinership and on creditors’ meetings automatically apply to cooperatives because of previous amendments to the Industrial and Provident Societies Acts in 1978 and 2014
The interim provisions allow a company to hold a virtual AGM and EGM without the need to amend its Constitution to permit virtual meetings. Companies are reminded that where a virtual general meeting is to be held, specified information should inserted to the notice of the meeting as prescribed in the interim provisions.
If you require assistance or need advice in relation the above matters, please get in touch with our experienced Company Secretarial team:
Colm Hanley at firstname.lastname@example.org
Michelle Howe at email@example.com
Patricia Kelly at firstname.lastname@example.org
Amy McLoughlin at email@example.com
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