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Certificate from paragraph 1 of this Article is registered in accordance with the registration act. In the invitation from paragraph 2 of this Article the company is obliged to warn that member concerning the penalties of failing to execute his obligation in that additional time restrict. Additional funds can’t be returned to the member of the corporate earlier than fee, i.e. In case of switch of share opposite to provisions of this Article, the Article 163 of this Act applies mutatis mutandis. The determination from paragraph 1 of this Article is adopted by the final meeting, pursuant to Article 167, paragraph three of this Act. Paid or entered contributions could neither be refunded to the corporate’s members shareholders, nor might any interest be paid to them for what they’ve invested into the company. entry of the whole inscribed contribution in the firm. The company’s property, in phrases of this Act, comprise tangible and intangible belongings owned by the company, as nicely as other company’s rights.
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In case of chapter of the company, claims arising from additional funds are settled only after the complete settlement of the chapter creditors of the company with the corresponding curiosity. The Company has neither the voting proper on the idea of reserved own shares, nor are these shares counted in the quorum of the General Meeting. The company member, who entered the in sort contribution the value of which was established by settlement, bears the burden of proving the worth of this in sort contribution.
The board of directors could decide to have certain reports delivered to the commissions of the board of administrators additionally, if the administrators deem it as essential for their work. If no appointment fee has been set up in the company, each member of the supervisory board could nominate a candidate for an govt director. 305 and 306 of this Act. 3) Written statement by the authorized consultant of the company on compliance with the phrases set out in Art. In addition to the prison sentence, the court docket could pronounce a measure of prohibiting the perpetrator to carry out an office, i.e. Only the reserves that may be used for these purposes may be transformed into the share capital.
If because of a dedicated crime referred to in paragraph 1 of this Article the company incurred injury that exceeds the amount of ten million dinars, the perpetrator shall be punished by imprisonment starting from six months to five years, and fined. 2) The value of transactions referred to in paragraph 2 item 3) of this Article which might be performed i.e. The members of the grouping participate in protection of the groupings losses in proportion specified by the contract on institution of the grouping, and if this contract doesn’t specify the proportion, the members of the grouping participate in protection of losses of the grouping in equal elements. A director is liable to the corporate for damages he incurs to it by a breach of the provisions of this Act, articles of association or of a resolution of the final assembly.
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The general assembly shall render a choice on licensed shares specifying the significant elements of approved shares, together with the time limit for issue of stocks. The profit that a grouping may generate by performing an exercise represents the revenue of its members and is distributed among the members in proportion which is specified in the contract on the institution of the grouping, and if this contract does not specify such a proportion, the profit is distributed among the members in equal parts. Any member of the grouping may submit the choice from paragraph three of this Article to the register of associations. undertaken without the consent of the supervisory board. a calling, in accordance with the Criminal Code.