Board Minutes Approving a Change in the Annual Account Date and Annual Return Date

Updated for 2014

In order for a company to change its financial year end, it must do so by means of a resolution of its board of directors. As a company’s annual return date is intrinsically linked to the financial year end, it may also be necessary for the company to amend the annual return date in tandem with the change to the financial year end.

These board minutes and explanatory notes bring you step-by-step through the process of making these changes highlighting the potential pitfalls and timing requirements along the way.

Further details are set out below.

See below for a full product description
 

On incorporation, each company is allocated an annual return date (ARD). This date is usually a date which falls six months after the date of incorporation of the company. On each annual return date, a company is required to file an annual return form (Companies Office Form B1) in the Companies Registration Office and, if required, a set of financial statements.

Each company is required to file an annual return with the Companies Registration Office no later than nine months following its financial year end. However, as the ARD is allocated based on a company’s date of incorporation it often happens that the ARD falls very quickly after the company’s financial year end. This can cause timing difficulties as companies need to prepare their financial statements, have them audited (if required), have them approved by the board and present them to their shareholders before filing them with their annual return. To alleviate these difficulties, many companies change their ARDs so that they can avail of the full nine month period between its financial year end and its ARD.

There are two ways that a company can amend its annual return date. It can either extend the date to a later date or bring it forward to an earlier date. You can either:

(i) Extend an Annual Return Date; or

(ii) Bring forward an Annual Return Date

In each case, there are specific rules and time frames that must be complied with. These rules are explained in detail in this pack.

The documents in this pack have been drafted by solicitors and are easy to complete. They come complete with easy to understand guidance notes and instructions on completing them.



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Solicitor Prepared Documents
You will be using documents which have been prepared, reviewed and pre-approved by solicitors with years of practical experience.
Compliant with Irish Law
You will be using tried and tested documents specifically tailored to comply with the various legal requirements applicable under Irish law
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Your documents will contain advanced solicitor approved provisions not usually found in standard run of the mill online documents
 
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