Companies Act 2014 – Dawn of a Simpler Era: Part 2

28 April 2015


In this article I will summarise the effects of the new Irish Companies Act 2014 (CA 2014) on the types of corporate transaction that we come across regularly in day-to-day practice. The fundamental principle evident in CA 2014 is that it has sought to clarify issues that have arisen when implementing corporate transactions under the existing legislation. This simplification was timely and will allow corporate reorganisations, restructurings and transformations to take place on a more solid legal (and accounting) basis.

We will see in the article that although CA 2014 has the effect of simplifying processes, there is also by implication an increase in the risks and obligations for directors as a result of the changes.

Share Capital

The various reserves that Irish companies were required to maintain was becoming cumbersome, and this is acknowledged by CA 2014.


This article first appeared in Irish Tax Review, Vol. 28 No. 1. © Copyright of Irish Tax Institute. To view this article as it originally appeared, download the pdf document to the right.

Related articles:

The Companies Act 2014: What You Need to Know

Companies Act 2014: Dawn of a Simpler Era – Part 1

FAQs: Companies Act 2014: Preparing Private Companies for Transition

Companies Act 2014: New-Form Company Constitutions

Irish Companies Act 2014 Overview

The content of this article is provided for information purposes only and does not constitute legal or other advice. Mason Hayes & Curran ( is a leading business law firm with offices in Dublin, London and New York.