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Irish Share Capital – An Overview

Posted by Corplaw Admin on Nov 18, 2014 11:30:00 AM

Capital Maintenance Rules

The capital maintenance rules are designed to protect the interests of creditors of a company by ensuring that capital is maintained as a secure fund which cannot be distributed to shareholders unless it is distributed following a winding up. This blog shall briefly examine the classification of share capital before considering the capital maintenance rules and reducing share capital.

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Topics: Ireland, Legal, Shareholders

The Company Register & Minute Book - Essentials

Posted by Corplaw Admin on Sep 16, 2014 10:21:00 AM

In Ireland, private companies are required to maintain a minute book and certain statutory registers. These records are usually kept at the company’s registered office address and the task of updating and maintaining the registers belongs to the company secretary.

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Topics: Ireland, Corporate Governance, Directors, Shareholders

An Introduction To Pre-Emption Rights For Irish Companies

Posted by Corplaw Admin on Sep 2, 2014 9:30:00 AM

What Are Pre-Emption Rights?

A pre-emptive right provides that when new shares in a company are issued, existing shareholders have an automatic right of first refusal to purchase these shares in proportion to their existing shareholdings. Where pre-emption rights exist, parties other than existing shareholders are only entitled to purchase newly issued shares in the company if the existing shareholders decline to exercise their pre-emption rights.

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Topics: Ireland, Legal, Shareholders, Shares

What Is A Golden Share?

Posted by Corplaw Admin on Mar 18, 2014 9:30:00 AM

In Irish company law, a “golden share” is  a particular type of share, issued for the sole purpose of giving its holder the power to control the board of directors of the company which has allotted the golden share.

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Topics: Ireland, Legal, Shareholders, Shares

Methods Of Changing Share Capital

Posted by Corplaw Admin on Mar 4, 2014 9:32:00 AM

There are various methods of changing both the authorised and issued share capital in Irish companies. A common transaction would be the allotment of shares. Whilst the redenomination or consolidation of shares are options which do not commonly occur on a day to day basis, these methods can be quite effective where particular amendments to share capital are concerned.

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Topics: Ireland, Legal, Shareholders, Shares

Different Types Of Irish Public Companies

Posted by Corplaw Admin on Jan 7, 2014 9:30:00 AM

In Ireland, company law allows for the incorporation of the following public companies:  

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Topics: Ireland, Legal, Shareholders, Incorporations

Extraordinary General Meetings Explained

Posted by Corplaw Admin on Dec 17, 2013 9:30:00 AM

Irish companies may convene two types of general meetings – Annual General Meetings and Extraordinary General Meetings. An Annual General Meeting (“AGM”) must be held on an annual basis.  All other general meetings which are held during the year are known as Extraordinary General Meetings (“EGMs”).

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Topics: Ireland, Corporate Governance, Shareholders

Different Types Of Share Classes Explained

Posted by Corplaw Admin on Dec 10, 2013 9:30:00 AM

Irish companies can have many types of share classes by setting out those classes and the rights attached to each class in their memorandum and articles of association. There are no legal definitions of such classes and shares with the same name may have different rights in different companies. If a company has only one class of shares they will be ordinary shares and will carry equal rights.

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Topics: Ireland, Corporate Governance, Shareholders, Shares

The Role Of A Proxy

Posted by Corplaw Admin on Oct 29, 2013 8:30:00 AM

A proxy is a person who is designated by a member of a company to attend a general meeting and vote in place of that member.

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Topics: Ireland, Corporate Governance, Shareholders

An Introduction To Authorised & Issued Share Capital

Posted by Corplaw Admin on Oct 15, 2013 9:30:00 AM

A share is the interest of a shareholder in a company, measured by a sum of money.

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Topics: Ireland, Shareholders, Shares