Course Overview

This online course will cover a lot of the company secretarial issues arising in 2019 and the queries that are coming across the desk.

Specific areas covered include:

  • The ability to override an electronic B1 if patch page not submitted
  • The beneficial ownership register
  • B1B’s – How to correct an incorrect B1 filed with the CRO;
  • B1X – Defective financial Statements; – The process and items to be included in the notes and auditors report as applicable;
  • Section 357 Guarantee; – The option to file the consolidated financial statements of the parent Company with the Subsidiary annual return as opposed to the subsidiary financial statements themselves – The rules the must be met in order to cover off this option. It includes precedents in relation to the wording to be filed with the CRO and the notes required in the consolidated financial statements
  • Distributable reserves
  • Bonus issues; – A review of when a bonus issue would usually be utilised for small/medium business and the company secretarial requirements to allow it.
  • Sub-division of shares; – A review of when a sub-division of shares would usually be utilised for small/medium business and the company secretarial requirements to allow it.
  • Maintenance of Capital in a share buyback situation
  • A review of the age old question of how to loan money to another company not in a group where it is restricted under Section 239 CA 2014 as it is 10% or more the relevant net asset of the loaning company.
  • Group re-organisations –carrying out a share for share arrangement or share for undertaking arrangement and the Company secretarial issues to be considered.
  • Redemption/buyback of shares – a high level review of the rule and when permitted and the resolutions etc. required to be passed. Dealing with a golden share

CPD Course Facilitators:

John Murphy: Tax, Corporate Restructuring and Practice Support

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

 


Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.