Failure to file an annual return on time can have serious consequences for a company, including the imposition of the late filing penalty, prosecution of the company and/or its directors, the loss of the audit exemption, or the possible involuntary strike-off and dissolution of the company.
Here at O’Brien Redmond Solicitors we can assist in making court applications. Under section 343 of the Companies Act 2014, applications for an extension of time to file an annual return may be made to either the High Court or to the District Court.
The Court may, if it is satisfied that it is just to do so, make an Order extending the time in which the annual return of the company may be delivered to the Registrar of Companies. An application to the Court can only be made in respect of an annual return that has not already been delivered to the CRO. As a team of highly professional and experienced commercial solicitors, we pride ourselves on offering reliable, efficient, and straight-talking legal services to businesses in all industries.
When does an annual return have to be filed?
According to Section 217 of the Companies (Amendment) Act 2018, all registered companies must submit company returns annually. Filing these returns confirms that your company is still in operation.
What happens if I’m late filing annual returns for my company?
If you’re late filing your company’s annual returns, you could receive a late filing penalty and loss of this audit exception. Get in touch with O’Brien Redmond Solicitors today for more on how to avoid these legal repercussions.
What will happen if I don’t file annual returns?
If you fail to submit your company’s annual returns you may receive a penalty, prosecution, and lose the audit exemtion.