Companies Act 2014

Companies Act 2014

The Companies Act 2014 is an Act that consolidates existing Companies Acts and statutory instruments.

The Companies Act 2014 consolidates existing Companies Acts and statutory instruments.


The Act has been in development for over a decade and passed through the Houses of the Oireachtas in December 2014. The Act commenced on June 1st 2015 and so the 18 month transition period has now begun. During this time, companies should take steps to ensure compliance with the Act.

About the Act

The Act is a lengthy document containing over fourteen hundred sections and twenty-five parts. Key features of the Act include:

  1. Creation of new company types 
  2. Codification of directors’ statutory and fiduciary duties 
  3. A new requirement to register, on public record, persons authorised to bind a company 
  4. The use of service addresses by directors and secretaries in lieu of residential addresses 
  5. Allowing mergers and acquisitions of private companies 
  6. Expanding audit exemption 
  7. Introduction of a summary approval procedure to ease prohibitions on certain restricted activities

How can we help?

KPMG’s Legal team are here to assist you before, during and after the 18 month transition period and to provide professional advice on how to remain compliant with Irish company law.

Please contact Francis Hackett, Chairman of Legal Services, or Salvador Nash, Head of Company Secretarial Services, to find out how we can help you and your business.

Related Links

View the entire Companies Act 2014 here

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