Governance: Implementation of Companies Act 2014
Under the Companies Act 2014, a transitional period existed, which expired on 30 November 2016, during which the Military Heritage of Ireland Trust continued to use the suffix “Limited” in is name. Where a company, such as the Trust, did not formally change its name, the Companies Registration Office applied the name change at the end of the Transition Period.
Accordingly, arising from the Companies Act 2014, the Trust’s suffix has changed to “Company Limited by Guarantee” (CLG) with effect from 30 November 2016. As the Trust’s name has changed to “The Military Heritage of Ireland CLG”, the Trust’s letterheads, stationery, signage and website contents are currently under modification to reflect the new name.
The Trust is in full compliance with the Charities Act, 2009. The Trust’s Articles of Association and Memorandum of Association do not require amendments on foot of the Companies Act 2014. In the context of the Charities Act, 2009, the Trust’s existing Articles of Association and Memorandum of Association were drafted, among other considerations, with the charitable exemption from the Revenue in mind.
Accordingly, the requirements of the Revenue were expressly incorporated therein and ultimately received Revenue approval prior to be being adopted.
The charitable status was achieved and remains in force.