The Minister of State for Trade Promotion, Digital and Company Regulation, Robert Troy, T.D., has signed a number of Commencement Orders and Statutory Instruments to coincide with the implementation of the new Companies Registration Office IT system.
The Minister stated “Today is a very significant day for the CRO and its many stakeholders and marks the culmination of a major, multi-annual project. The new IT platform offers an improved user experience for those filing documents, facilitates more efficient processing by CRO staff and means a totally paperless interaction with the CRO for certain transactions”.
The Minister signed a Commencement Order which brings into operation the Companies (Amendment) Act 2019 and the remaining provisions of the Companies (Statutory Audits) Act 2018. This provides companies with a timeframe of 56 days in which to complete the annual return filing process rather than the 2 step process that applied until now. The Minister also signed Statutory Instruments which make changes to some CRO forms, consolidate filing fees and set out requirements in relation to document completion. In addition, it is now mandatory to file electronically the application to incorporate a new company.
The Minister added “the new IT platform is a significant modernisation project which significantly increases the range of documents that can be filed electronically, with resulting efficiency gains for both business and the CRO”.