By Frank Dornseifer
Marketers and traders in the eu Union can now choose from a number of the company felony kinds of numerous member states while figuring out the place and the way to hold out their enterprise. company company varieties in Europe is the 1st compendium together with a evaluation and outline of crucial kinds of company company types within the newly enlarged Europe (i.e. public/private restricted legal responsibility businesses and adaptations thereof). specifically with recognize to the proposed directive in regards to the move of the registered place of work of an organization from one member country to a different below perpetuation of its felony capability, this compendium turns into an necessary reference publication for investors/businessmen, attorneys, and scholars.
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Additional info for Corporate Business Forms in Europe: A Compendium of Public And Private Limited Companies in Europe
63 The share certificate must necessarily contain the business name and the seat of the company, the date of the issue of the share, the nominal value of the share and its form, the amount of the registered capital and the number of shares as of the issue date. In case of registered shares, the shares certificate must also provide the business name or the name of the shareholder. bb) Form of Shares 64 Czech law further distinguishes between registered shares31 and bearer shares. 32 Share certificates of registered shares also provide the name of the bearer, while bearer shares may be transferred by a simple handover of the respective share certificates.
In case the 20 Martin Holler 3. Shareholders Czech Republic 37 amount of the registered capital of the company is less than 100 Million CZK, the nominal value of the shares of the respective shareholder has to exceed 5% of the total registered capital of the company. These shareholders are entitled to require the board of directors to convene a general meeting. In case, the board of directors fails to comply with this obligation within 40 days, a court shall decide that the shareholders are entitled to convene the general meeting themselves and to take all other necessary steps connected therewith.
Martin Holler 21 42 Czech Republic II. Joint Stock Company 42 Another shareholder’s obligation is the information duty. In case any person acquires or exceeds or decreases the portion on the voting rights of the initial issuer of shares seated in the Czech Republic, whose shares are accepted to be negotiable on the official market in the Czech Republic or in another EU member state, by certain limits, an obligation to inform the Securities Commission and the initial issuer in 3 business days arises.