Irish businesses should take immediate notice as the Companies Registration Office (CRO) and Register of Beneficial Ownership (RBO) have ramped up their efforts to remove non-compliant entities from the register.

A fresh round of strike-offs has been announced in the latest CRO Gazette, affecting companies that have failed to meet regulatory requirements.

Under Section 726(h) of the Companies Act 2014, companies that neglect to submit Beneficial Ownership or Senior Managing Official details are now facing removal. Those established in July 2024 and who missed their mandatory five-month filing deadline have already begun receiving final warnings, with just 14 days to rectify the issue.

Losing your company’s registered status is more than just a paperwork issue – it can have severe repercussions:

• Loss of Limited Liability – Directors become personally responsible for company debts.
• Risk of Disqualification – Failure to comply could prevent directors from managing future companies.
• Forfeiture of Assets – The state may assume control over company property.

How to safeguard your business

Staying compliant with CRO and RBO regulations is not optional – it’s a legal necessity. To avoid penalties or dissolution, companies must:

• Submit all required filings on time.
• Keep director and ownership details updated.
• Ensure Beneficial Ownership information is recorded within five months of incorporation.

Immediate steps to take

If you’re unsure about your company’s compliance status, act now. The CRO and RBO are actively enforcing regulations, leaving little room for delay. Review all companies under your management – including inactive ones – and ensure all filings are current.

Preventative action is always more cost-effective than reversing a strike-off.

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