Companies Act 2014 section 1411

Supplemental provisions in relation to section 1410

Section 1411 sets out the practical obligations a migrating investment company must fulfil after registering in Ireland, including notification requirements, updating statutory declarations, and the consequences of non-compliance, which can ultimately lead to the company being struck off the register and dissolved.

• The migrating company must notify both the Registrar and the Central Bank within 3 days of being de-registered in its original jurisdiction.
• Once the company is registered under section 1410(5), the Central Bank must immediately authorise it to carry on business as an investment company.
• Any material change in the information contained in the statutory declaration forming part of the registration documents must be reported to the Registrar without delay by way of a new statutory declaration.
• If the company fails to comply with section 1410 or section 1411, the Registrar may initiate a strike-off process, ultimately leading to the company being removed from the register and dissolved.

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