Every company incorporated in Ireland is required to have a Constitution (previously termed as the Memorandum and Articles of Association). The Constitution of a company is a set of rules and principles that govern the internal and external operations of the company. It also details the rights of the shareholders and directors of the company.
In practice, the Constitution of a company is laid out at the time of its incorporation. However, during the course of carrying out the business, changes might need to be made in this document. Under the Companies Act 2014, a Private Limited company has a single page Constitution document and does not have a memorandum (previously stating set objects).
There might be circumstances requiring change in a company’s Constitution, these include changes made to company objectives, powers and duties of directors, change in number of directors, changes to the authorised share capital of the company, classes of shares that the company can issue, rights in respect of dividends, how the company could issue loans to third parties, provisions related to conflict of interest etc.
From the company’s inception to the alterations made subsequently, Fusion Formations is there to assist you. We offer the service of Amendment to company’s Constitution / Memorandum and Articles for a price of €250.00 only.
It is important to ensure that the provisions of the law are complied with when making changes to the Constitution. It is always best to obtain professional advice in relation to these changes. Our professional team will assist you in drafting the new Constitution in accordance with the provisions of the Companies Act, 2014, helping you with preparing the required special resolution and ensuring that all the necessary forms are submitted to the CRO.
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Amendment to company’s Constitution/Memorandum and Articles