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Companies in Receivership – CRO Announces Alteration of Company Status Description

For those who use the CRO to check the status of companies that they deal with, the CRO has announced a change to the manner in which it presents information when a receiver is appointed to the property of a company.

With effect from 22nd March 2017 when a receiver is appointed to some or all of the property of a company, the company’s status will continue to read “Normal” or “Liquidation” (where appropriate) on the Register with a note immediately below alerting interested parties to the fact that a Form E8 has been filed. The status of the Company will not change to “Receivership”.

Where the existing status of a company is “Receivership”, the status will now revert back to “Normal”. Where the existing status of a company is “Receiver/Liquidator”, the status will now be “Liquidation”.

This change has been made in light of a recent Court of Appeal judgment which found that the Registrar is entitled to file the Form E8 but cannot change the status of the Company from “Normal” to “Receivership”.

If you have any further queries please call Anna or Bernadette on 00 353 (0) 91 704818

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