The Companies Registration Office (CRO) is ready to adopt new accounts filing rules that will allow companies to file their annual returns and accounts entirely online.
At present, it is possible to file a CRO annual return online, but this must also be supplemented by the submission of paper-format accounts and a separate signature page, each containing the directors’ original signatures.
This rather cumbersome procedure was necessary as the Companies Acts had never previously been updated to facillitate electronic filing. The Companies (Miscellaneous Provisions) Act 2013 was passed into law late last year and is expected to come into effect in March.
This will allow company accounts to be filed with typed signatures. It will no longer be necessary for the accounts to have original handwritten signatures.
This means that they can be uploaded directly to the CRO website, avoiding the postal and other delays that current bedevil companies who are obliged to have their returns filed before their Annual Return Date deadline.
The CRO will in the coming weeks announce instructions for the new online filing facility.
The Companies Office Ezine announcing this change is here.