Resources & Policy

Companies Accounting Act 2017 Commencement Order

On 8th February 2018, the Minister for Business, Enterprise and Innovation signed into law the Companies (Accounting) Act 2017 (Commencement) Order 2018.

This order appoints 9th June 2018 as the day on which section 80 of the Companies (Accounting) Act 2017 (no. 9 of 2017) comes into operation. Section 80 amends section 1300 of the Companies Act 2014 and the definition of EEA company and non-EEA company.

‘EEA company’ means— 

(a) a body corporate—  
(i) which is incorporated in a state (other than the State) that is an EEA state, and  
(ii) whose members’ liability in respect of such body corporate is limited,  
or  
(b) an undertaking— 
(i) which is formed or incorporated in a state (other than the State) that is an EEA state,  
(ii) whose members’ liability in respect of such undertaking is unlimited, and  
(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited;”, 
 
and 
  
“ ‘non-EEA company’ means—  
(a) a body corporate—  
(i) which is incorporated in a state that is not an EEA state, and  
(ii) whose members’ liability in respect of such body corporate is limited,  
or 
(b) an undertaking—  
(i) which is formed or incorporated in a state that is not an EEA state,  
(ii) whose members’ liability in respect of such undertaking is unlimited, and 
(iii) which is a subsidiary undertaking of a body corporate whose members’ liability in respect of such body corporate is limited.