Companies Act 2014 section 966

DAC to carry on activity in the State

Section 966 requires that a Designated Activity Company (DAC) must intend to carry on an activity in Ireland before it can be formed and registered.

  • A DAC cannot be formed and registered unless the Registrar is satisfied it will carry on an activity in Ireland once registered.
  • The activity the DAC intends to carry on must be specifically mentioned in its memorandum of association.
  • This requirement mirrors the equivalent rule for private companies limited by shares set out in section 18 of the Companies Act 2014.
  • The Registrar acts as gatekeeper, assessing at the point of registration whether the DAC will genuinely conduct its stated activity within the State.

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