No Voluntary Strike Off where Issued Share Capital exceeds €150
The Companies Registration Office have issued a notice stating that from 1 May 2011 companies with more than €150 of issued share capital will not be able to avail of voluntary strike off. Such companies will instead need to be liquidated which is a more costly and complicated procedure.
From 1 May 2011 a new Form H15 will need to be completed which will require the applicant to state that the share capital did not exceed €150 for the previous three years.
Therefore it is important to act now if you have a company you wish to strike off.
If you have any queries, as always you can email me on firstname.lastname@example.org or call me on 021 4310266.