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

19-06-2017

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…