Company Strike Off in Ireland-Consequences for Directors

Amplify’d from businessandlegal.ie

he striking off of a company from the Register of Companies can be voluntary or involuntary. Elsewhere on this site you can read about the voluntary strike off scheme; in this piece we will take a look at involuntary strike off of a company and how to restore it to the register of companies. Serious consequences When a company is struck off the Register of Companies it is dissolved and no longer exists. This means that Company directors could be held personally liable for debts of the company incurred after strike off; Limited liability protection no longer exists; The company’s property becomes the State’s property. Involuntary strike off Involuntary strike off can happen if the Registrar of Companies strikes off for failure to file returns for example; the Revenue Commissioners can also apply to have a company struck off. Read more at businessandlegal.ie

 

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