The articles of association shall lay down the most important principles for the operation of the undertaking. Amendments to the articles of association shall be notified to the Enterprise Register within 14 days from the taking of the decision.
We note that under commercial Law, participants/shareholders have the right to participate and vote in the meeting remotely, or to vote before the meeting. Read more in the Explanatory Notes on Remote participation in meetings of Members, shareholders and Members section.
* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.
Documents to be submitted:
If the shareholders' meeting decides to convert dematerialised shares into registered shares or vice versa by making appropriate amendments to the articles of association, the following shall additionally be submitted to the Enterprise Register:
- a certificate issued by the Central Securities Depository regarding registration of dematerialised shares, if the company has dematerialised shares;
- a division of the register of stockholders, if the company has registered shares.
Deadline for submission of documents in the Enterprise Register: 14 days from the decision.