Companies (Rescue Process for Small and Micro Companies) Bill 2021

Plain-English summary AI · claude-haiku-4-5-20251001

• Amends Companies Act 2014 to create a rescue process for small and micro companies facing insolvency or likely to become insolvent.
• Provides a structured procedure allowing these companies to recover financially while continuing operations, rather than automatic liquidation.
• Specifies conditions, protections, and requirements for accessing this rescue mechanism; full details require review of enacted legislation.

Stage timeline

1. First Stage 33rd Dáil

   25 Jun 2021
2. Second Stage 33rd Dáil

   2 Jul 2021
3. Committee Stage 33rd Dáil

   7 Jul 2021
4. Report Stage 33rd Dáil

   7 Jul 2021
5. Fifth Stage 33rd Dáil

   7 Jul 2021
6. Second Stage 26th Seanad

   7 Jul 2021
7. Committee Stage 26th Seanad

   12 Jul 2021
8. Report Stage 26th Seanad

   13 Jul 2021
9. Fifth Stage 26th Seanad

   13 Jul 2021
10. Enacted

    22 Jul 2021