A company register may draw up a division of the shareholder register only if two preconditions are fulfilled:

• shares were acquired in one of the following cases:
  • acquired in succession;
  • obtained by a judgment of the court in force;
  • seized by a sworn bailiff in the performance of his or her duties;
  • has been seized by the insolvency practitioner in the performance of the activities of the office;
  • obtained by the use of a commercial pledge.

If the shares have been acquired in any other way (for example, on the basis of a purchase agreement, a gift agreement, etc.), the Enterprise Register shall not be entitled to draw up the division of the shareholder register.

• the absence or inaction of the Board may be identified, for example, the Management Board has not entered or raised reasoned objections to the entry after receiving the notification of the entry in the stockholder register.