The Companies Act 2014 made it possible for companies to avoid late filing penalties. Companies that have missed or are aware that they will miss their filing deadline for their annual tax return can apply to the District Court for an order that will allow them to maintain audit exemption. Without making an application, audit exemption can be lost for two years.
To make such an application a company requires representation from a Barrister or Solicitor as it cannot represent itself. Brady Kilroy solicitors are available to represent your business in the case of a late filing. The application must then be made to the District Court in the same area as the registered business.
What is the process for a company restoration application?
- Complete an order form. Fill in our contact form or call us and we will send you an order form and provide guidance on the contents of the form.
- The court will grant a date for a hearing of the application to be made.
- A copy of the Affidavit and Notice of Motion is served on the Companies Registration Office which will release their Letter of Consent.
- The Affidavit and Declaration of Service are filed before the Court Date Order is granted, it is filed with the Registrar of Companies and the company has 28 days to deliver their Annual Return/s and Accounts to the CRO of the new extension date.
As an expert in company restorations, we always have your business in mind when we provide you with advice and guidance. If you need any further information on the Section 343 District Court Application or need help proceeding with an application, please do not hesitate to contact us today.