Legal notice

Companies Act 2014
Under the Irish Companies Act 2014, the unrestricted exercise of all activities is regulated by the removal of the Objects Clause for the standard Limited Liability Company (LTD).

The most important information at a glance:
Full legal capacity: An Irish LTD (Company Limited by Shares) has the same legal capacity as a natural person, as measured by the Companies Act 2014.

No purpose clause : The articles of association (constitution) of a LTD no longer contain a purpose clause. The company can operate in any legal business sector.

Abolition of Ultra Vires: Contracts can no longer be invalidated by the company exceeding its stated corporate objectives (the so-called Ultra Vires doctrine has been abolished for LTDs).

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