Thursday February 20, 2020

Thirteen firms prosecuted for late filings

First flush of enforcement actions as Companies Registration Office takes aim at dormant firms

12th November, 2017
Thirteen companies were prosecuted in the District Court on Monday in a move seen as the beginning of a crackdown on dormant shelf and so-called phoenix companies and an attempt to enforce company directors’ legal responsibilities

In a move with major implications for small and medium business owners, the Companies Registration Office (CRO) has started its first prosecutions against businesses failing to file accounts under updated company law powers.

Thirteen companies were prosecuted in the District Court on Monday in a move seen as the beginning of a crackdown on dormant shelf and so-called phoenix companies and an attempt to enforce company directors’ legal responsibilities.

“Last week, four companies pleaded...

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