Skip to main content
Beauchamps Close
Back

Beauchamps
  • About us
    • About Beauchamps
    • Client service
    • Core values
    • Corporate social responsibility
    • History
    • Knowledge management
    • Partnerships
  • Our People
  • Our services

    Practice Areas

    • Banking & Finance
    • Commercial Property
    • Company Secretarial
    • Construction
    • Corporate & Commercial
    • Corporate Governance & Company Compliance
    • Crisis Management
    • Data Protection & Freedom of Information
    • Employment & Benefits
    • Energy & Natural Resources
    • EU, Competition & Procurement
    • Insolvency & Corporate Restructuring
    • Insurance & Professional Indemnity
    • Inward Investment
    • Litigation & Dispute Resolution
    • Medical Negligence and Personal Injury*
    • Mergers & Acquisitions
    • Planning & Environmental

    Sectors

    • Brexit
    • Charities & Not For Profit
    • Energy & Natural Resources
    • Family Business
    • Financial Services
    • Food & Agri
    • Healthcare
    • Housing
    • Real Estate
    • Retail
    • Sport
    • Technology & Communications
    View All Services
  • What's new
    • Beauchamps - proud sponsor of and official legal adviser to Leinster Rugby
    • Brexit Update
    • Doing business in Ireland
    • General Data Protection Regulation
    • The Companies Act 2014
    • Covid-19 Updates
  • Join us
    • Why join Beauchamps?
    • Current opportunities
    • Legal professionals
    • Business support
    • Intern & trainee programmes
Contact Search
Search Menu
Beauchamps
Search Menu
What's new

The Companies Act 2014: the rules for dispensing with AGMs

11 Nov 2015

Breadcrumb

  1. Home
  2. What's new
  3. Publication

Share

Under prior legislation a single member private limited company was permitted to dispense with holding an AGM.

The decision to dispense with holding the AGM was drawn up by the member in writing and notified to the company and could have effect for the year in which it was made and subsequent years.  The Companies Act 2014 has changed the rules for dispensing with AGMs.

Now, the following companies have the option of dispensing with AGMs:

  • New model private company limited by shares (LTD)

  • Other company types (designated activity company, PLC, company limited by guarantee & unlimited company) having a single member.

These companies can choose not to hold an AGM in any year but AGMs must be dispensed with on an annual basis. A one off decision to discard all future AGMs is not possible.

Procedure to dispense with an AGM

The procedure to dispense with an AGM involves all members approving and executing a written resolution:

  • resolving not to hold an AGM

  • acknowledging receipt of financial statements that would have been put before the AGM

  • confirming that the person holding the position of statutory auditor has not changed

  • resolving all matters that would have been resolved at the AGM

All voting members must sign the written resolution before the latest date for the holding of the AGM.

About the author

Shaun O'Shea

Partner

About Shaun

Shaun is a partner and head of our corporate & commercial team. Shaun works closely with Irish and international business clients across a wide spectrum of industry sectors - including technology, healthcare & life sciences, retail, and hospitality – advising on the full range of business law issues that arise.

Shaun has broad expertise in mergers and acquisitions, corporate finance, corporate restructuring, joint ventures, inward investment and general commercial matters.

Beauchamps

Related Services

Practice Areas

    Corporate & Commercial

Sectors

    Financial Services
    Technology & Communications
    Healthcare
    Charities & Not For Profit
Beauchamps

Our Location

Riverside Two

Sir John Rogerson's Quay

Dublin 2, D02 KV60

Ireland, DX No. 63

General Enquiries

T: +353 (0) 1 418 0600

F: + 353 (0) 1 418 0699

E: info@beauchamps.ie

  • Cookie Policy
  • Disclaimer
  • Accessibility
  • Sitemap
  • Contact
  • Privacy
© 2021 Beauchamps LLP