Designated activity company
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A designated activity company (Irish: Cuideachta Ghníomhaíochta Ainmnithe) or DAC is a form of company in Ireland created by the Companies Act 2014. Like a limited company, designated activity companies have limited liability.[1] Additionally, they may only carry out activities listed in their constitution documents, and so the concept of ultra vires continues to apply to them. Notable DACs include Ryanair[2] and Ulster Bank.
References
[edit]- ^ "Limited Company Types". Companies Registration Office. Retrieved 5 November 2024.
- ^ "Registered address and VAT number". ryanair.com. Retrieved 14 September 2023.
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