Companies (Accounting) Act 2017

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Number 9 of 2017


COMPANIES (ACCOUNTING) ACT 2017


CONTENTS

PART 1

Preliminary and General

Section

1. Short title and commencement

2. Definitions

3. Repeals and revocations

PART 2

Amendment of Principal Act

4. Amendment of section 7 of Principal Act

5. Amendment of section 9 of Principal Act

6. Amendment of section 68 of Principal Act

7. Amendment of section 72 of Principal Act

8. Amendment of section 85 of Principal Act

9. Amendment of section 167 of Principal Act

10. Amendment of section 272 of Principal Act

11. Amendment of section 274 of Principal Act

12. Amendment of section 275 of Principal Act

13. Construction of references to exemption

14. Certain companies may apply provisions of Act to certain earlier financial years

15. Qualification of company based on size of company

16. Amendment of section 290 of Principal Act

17. Amendment of section 291 of Principal Act

18. Amendment of section 292 of Principal Act

19. Amendment of section 293 of Principal Act

20. Amendment of section 294 of Principal Act

21. Amendment of section 295 of Principal Act

22. Amendment of section 299 of Principal Act

23. Amendment of section 300 of Principal Act

24. Amendment of section 303 of Principal Act

25. Amendment of section 304 of Principal Act

26. Amendment of section 305 of Principal Act

27. Payments to third parties for services of directors

28. Supplemental provisions in relation to sections 305 and 305A

29. Amendment of section 307 of Principal Act

30. Amendment of section 309 of Principal Act

31. Amendment of section 314 of Principal Act

32. Amendment of section 315 of Principal Act

33. Amendment of section 317 of Principal Act

34. Amendment of section 318 of Principal Act

35. Amendment of section 319 of Principal Act

36. Amendment of section 320 of Principal Act

37. Amendment of section 321 of Principal Act

38. Amendment of section 322 of Principal Act

39. Amendment of section 323 of Principal Act

40. Amendment of section 324 of Principal Act

41. Amendment of section 325 of Principal Act

42. Amendment of section 326 of Principal Act

43. Amendment of section 327 of Principal Act

44. Amendment of section 328 of Principal Act

45. Amendment of section 336 of Principal Act

46. Amendment of section 338 of Principal Act

47. Amendment of section 339 of Principal Act

48. Amendment of section 340 of Principal Act

49. Amendment of section 341 of Principal Act

50. Amendment of section 347 of Principal Act

51. Exemption from filing certain information for small and micro companies

52. Amendment of section 353 of Principal Act

53. Amendment of section 355 of Principal Act

54. Amendment of section 356 of Principal Act

55. Amendment of section 357 of Principal Act

56. Amendment of section 358 of Principal Act

57. Amendment of section 359 of Principal Act

58. Amendment of section 360 of Principal Act

59. Amendment of section 362 of Principal Act

60. Amendment of section 363 of Principal Act

61. Amendment of section 364 of Principal Act

62. Amendment of section 367 of Principal Act

63. Amendment of section 377 of Principal Act

64. Amendment of section 379 of Principal Act

65. Amendment of section 393 of Principal Act

66. Amendment of section 412 of Principal Act

67. Amendment of section 634 of Principal Act

68. Amendment of section 865 of Principal Act

69. Amendment of section 914 of Principal Act

70. Amendment of section 916 of Principal Act

71. Amendment of section 919 of Principal Act

72. Amendment of section 934 of Principal Act

73. Amendment of section 943 of Principal Act

74. Amendment of section 1002 of Principal Act

75. Modification of definition of “ineligible entities” in case of PLCs

76. Amendment of section 1230 of Principal Act

77. Modification of definition of “ineligible entities” in case of PUCs and PULCs

78. No requirement to deliver financial statements, etc. with annual return in case of certain ULCs

79. Non application of Part 26 to certain ULCs

80. Amendment of section 1300 of Principal Act

81. Amendment of section 1305 of Principal Act

82. Amendment of section 1373 of Principal Act

83. Application of section 393 to a company to which Part 23 applies

84. Amendment of section 1376 of Principal Act

85. Modification of definition of “ineligible entities” in case of investment companies

86. Filing of financial statements by investment company

87. Payments to governments

88. Amendments of Principal Act consequential to repeal of sections 350 and 351

89. Amendments of Principal Act - Schedules

90. Miscellaneous amendments of Principal Act consequential to insertion of Schedules

PART 3

Other Miscellaneous Amendments to Principal Act

91. Amendment of section 117 of Principal Act

92. Amendment of section 621 of Principal Act

93. Amendment of section 633 of Principal Act

94. Amendment of section 842 of Principal Act

95. Amendment of section 844 of Principal Act

96. Investigation by disciplinary committees of prescribed accountancy bodies

97. Liability of prescribed body for acts, omissions etc.

98. Further miscellaneous amendments of Principal Act

PART 4

Miscellaneous

99. Amendment of Transparency (Directive 2004/109/EC) Regulations 2007

100. Amendment of European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011

101. Amendment of European Union (Alternative Investment Fund Managers) Regulations 2013

SCHEDULE 1

SCHEDULE 2

SCHEDULE 3

SCHEDULE 4

SCHEDULE 5

SCHEDULE 6


Acts Referred to

Companies Act 2014 (No. 38)

Competition Act 2002 (No. 14)

Consumer Credit Act 1995 (No. 24)

Hire Purchase Act 1946 (No. 16)

Interpretation Act 2005 (No. 23)

Limited Partnerships Act 1907 (7 Edw. 7) c. 24

Partnership Act 1890 (53 & 54 Vict.) c. 39

Taxes Consolidation Act 1997 (No. 39)

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Number 9 of 2017


COMPANIES (ACCOUNTING) ACT 2017


An Act to give further effect to Directive 2013/34/EU of the European Parliament and of the Council of 26 June 20131 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC and, for that purpose, to amend the Companies Act 2014 ; to make provision for certain other amendments to that Act; to provide for the amendment of certain other enactments; and to provide for related matters.

[17th May, 2017]

Be it enacted by the Oireachtas as follows:

1 OJ No. L 182, 29.06.2013, p.19.