By Frank Dornseifer
Marketers and traders in the ecu Union can now choose from many of the company felony different types of numerous member states while identifying the place and the way to hold out their enterprise. company company varieties in Europe is the 1st compendium together with a assessment and outline of crucial forms of company enterprise kinds within the newly enlarged Europe (i.e. public/private restricted legal responsibility businesses and adaptations thereof). particularly with recognize to the proposed directive in regards to the move of the registered workplace of a firm from one member country to a different lower than perpetuation of its felony capability, this compendium turns into an quintessential reference publication for investors/businessmen, legal professionals, and scholars.
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Extra resources for Corporate Business Forms in Europe: A Compendium of Public And Private Limited Companies in Europe
Also, any increase and decrease of the registered capital of the company requires a 2/3 majority of the vote. The same applies to a capitalization of receivable visà-vis the company. Another example for a major decision of the general meeting, which requires a 2/3 majority of the votes, is the dissolution of the company with liquidation. 46 Decisions, which directly affect the rights of single shareholders, usually require a 3/4 majority of votes of the present shareholders in the general meetings.
3,500 Euro. Martin Holler 39 157 Czech Republic d) Significance of the Limited Liability Company in Czech Business Life III. Limited Liability Company 157 The limited liability company is the most common form used by enterprises on the Czech market. The total number of companies with limited liability in the Czech Republic amounted as of September 30, 2004 to 216,897,61 which corresponds to 90 % of the total number of companies in the Czech Republic. 2. Formation of a Limited Liability Company a) Formation Procedure 158 The formation of a limited liability company under Czech law may be divided into two major parts.
The restriction or exclusion must apply to all shareholders to the same extent. 92 Without undue delay after the subscription of shares corresponding to the intended increase and payment of at least 30 % of their nominal value (including possible emission agio) or after the contribution in kind has been made, the board of directors is obliged to submit to the commercial register an application for registration. The increase becomes effective as of the registration with the Commercial Register. 93 The second way to increase the registered capital is from own sources of the company.
Corporate Business Forms in Europe: A Compendium of Public And Private Limited Companies in Europe by Frank Dornseifer