Share capital reduction in Ireland under the summary approval procedure


Author: Stephen Ranalow and Niamh Flood

New Summary Approval Procedure

The Companies Act 2014 (the “Act”) came into operation on 1 June 2015 and has introduced significant reforms in company law in Ireland. One of the key innovations under the Act is the summary approval procedure (“SAP”), a new streamlined process for the authorisation of up to seven different types of restricted activities that would otherwise be prohibited or, in some cases, require a High Court order.

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