COMPANIES ACT 1963 - SECT 365 Penalty for contravention of sections 361 to 364.

365.—Any person who is knowingly responsible for the issue, circulation or distribution of a prospectus, or for the issue of a form of application for shares or debentures, in contravention of any of the provisions of sections 361 to 364 shall be liable—

( a ) on conviction on indictment, to imprisonment for a term not exceeding 2 years or a fine not exceeding £500 or both; or

( b ) on summary conviction, to imprisonment for a term not exceeding 6 months or to a fine not exceeding £100 or to both.

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Ireland Key Points
  • Only 2 to 3 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
  • Low Corporation Tax of 12.5%.
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