Commencement of Companies Act 2014 - Commencement Order published - A&L Goodbody

Commencement of Companies Act 2014 - Commencement Order published


The Companies Act 2014 (the Act) condensed the current 17 Companies Acts and related company law provisions into a single comprehensive code of company legislation.

The Act was signed into law in December 2014, and the vast majority of the Act came into operation on Monday 1 June 2015, with the commencement of a small number of provisions being deferred. These include the following six provisions which will only apply in respect of financial years beginning on or after 1 June 2015:

  • Section 167 - audit committees;
  • Section 225 - directors' compliance statement;
  • Section 305(1)(b) and  Section 306(1) – disclosure of directors' remuneration and gains on exercise of share options;
  • Section 326(1)(a) – list of directors of company during financial year in director's report; and
  • Section 330 - directors' audit confirmation.

For further information please contact Eithne FitzGerald, Jack O'Farrell or Sinead Kelly or your usual partner contact in A&L Goodbody.