'As of the 1st of June 2015, a Company which has missed/failed to file its annual return in advance of the Company’s Annual Return date can now apply to the District Court for an Order to extend the time for delivery of the said annual return.'
The new procedure provides for significant advantages from a time and financial perspective to both the Company and the Company’s Accountant’. These advantages include;
When the Court grants an order under the above Act, the applicant company does not lose its audit exemption which negates the requirement to file two years audited accounts with the Companies Registration Office. Accountants will be aware of the difficulty encountered when trying to recover the costs associated with the preparation and filing of audited accounts from clients.
Furthermore, late filing fees, depending on how long the Annual returns are overdue, can amount to a significant sum and in the vast majority of cases amount to a greater sum than the cost of the application to the District Court.
We look after the application from start through to finish to include all consultations with the Company Director/Secretary, drafting of the Court Documents and lodging the order with the Companies Office upon successful conclusion of the matter. We will also keep you fully advised as the progress of the application and furnish you with a copy of the Court Order.
To arrange for a consultation, please contact our team using the contact form.