Companies (Accounting) Act 2017: What does it mean for unlimited companies?


The Companies (Accounting) Act 2017 (the “2017 Act”) substantially amends, updates and supplements the Companies Act 2014 (the “Companies Act”). The 2017 Act came into force with effect from 9 June 2017 (other than the provisions in relation to external companies) with the new accounting requirements applying in respect of financial years which commence on or after 1 January 2017. The CRO has also confirmed that the related filing obligations will only apply in respect of financial years which commence on or after 1 January 2017.

The 2017 Act results in a number of key changes for unlimited liability companies (“ULCs”), read more here…