The Republic of Ireland was recently ranked 7th by IMD business school based in Lausanne, Switzerland from a pool of 63 competitive nations well-known for business. This was an upsurge of five places after declining to 12th in the 2018 rankings. The chief cause of this decline was the Brexit issue.
A shareholders’ agreement consists of a signed contractual pact or accord involving a number of or all of the parties who own shares in a company. Frequently, a similar agreement may involve the company as a standalone body as well. The fundamental use of a shareholders’ agreement is to create a holistic framework to guide the administrative affairs of the company. It further articulates on how to handle matters that may cause undesirable rifts in the company setup.
It is permissible for a company registered in Ireland to change its name if the authorising stakeholders deem it necessary. It also hinges on the Registrar of Companies, which is responsible for endorsing their written request. Typically, such a process requires 2 to 3 days to complete.
It is possible for an individual shareholder or director to restore a company with the Registrar of Companies in Ireland after its dissolution. This can be done for different reasons, usually, people seek company restoration in order to garner a certain quantity of assets remaining in the entity.
The Process of Restoring a Company
