The Companies (Miscellaneous Provisions (Covid-19) Act 2020 which has now been signed into law makes, temporary amendments to the Companies Act 2014 for an interim period up until the 31st December 2020 in response to the challenges Companies may experience as a result of the Covid-19 pandemic. This interim period can be extended further under the provisions of the Act should the Government decide this is warranted.
The key measures provided for by the Act are as follows;
The Act has provided clarity on how companies can deal with specific issues arising as a result of the Covid-19 situation.
Should you require further assistance in this regard please contact Mary Flanagan or Louise Edwards on 016779000 or email@example.com for further details.
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A comprehensive guide has been issued today to Cooney Carey clients setting out the measures made available to support employers and employees. Mail us please if you require a copy. If, at any time, you need to speak with staff in Cooney Carey please contact us as you normally would.
A summary only is included herein, a reading of the complete document is necessary to fully understand the issues raised. These measures are developing quickly, it is necessary to ensure that you have the latest available information.
Covid-19 WAGE RELATED SUPPORT SCHEMES
1 TEMPORARY WAGE SUBSIDY SCHEME FOR THOSE WHO RETAIN EMPLOYEES
2 PANDEMIC UNEMPLOYMENT PAYMENT FOR THOSE WHO HAVE LOST THEIR JOBS
3 SHORT TERM WORK SUPPORT FOR EMPLOYEES WORKING A SHORT WORKING WEEK
4 ILLNESS PROVISIONS FOR THOSE MEDICALLY REQUIRED TO SELF ISOLATE
Covid-19 FUNDS SUPPORT
Understanding your cashflow at this time is critical. To discuss your banking and cash flow needs please contact Colin O’Brien (firstname.lastname@example.org) or Tony Carey (email@example.com) or your regular connection within Cooney Carey.
Your Plan should consider how quickly you envisage your business returning to normality once the current Covid-19 crisis has passed. What do you need to do now to minimise disruption for when you are returning to normal?