Companies are required to hold an AGM every twelve months, but Covid-19 restrictions have made it difficult for some companies to hold essential meetings.
The new Bill will allow over 240,000 companies to use hold their meetings remotely, using teleconferencing technology.
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The Bill has also increased the amount of debt a business may have before it is considered unable to pay its bills.
In the past, the debt threshold was €10,000, but this has now been increased to €50,000.
The length of time which a business can be placed in examinership has also been increased from 100 to 150 days to allow businesses extra time to restructure under the supervision of the courts.
