Post by account_disabled on Nov 5, 2023 3:31:56 GMT
share rights; bonds; receivables, including monetary and non-monetary receivables e.g. the right to use things under lease, lease or the right to use other property rights ; The deadlines for making contributions may be specified in the company's articles of association or in a shareholders' resolution, provided that the company's articles of association provide for an appropriate authorization cf. art. of the Commercial Companies Code . Significant overstatement of the value of the non-cash contribution to a simple joint-stock company.
If the value of the non-cash contribution allocated to the share capital has been significantly philippines photo editor overstated in relation to its fair value on the day of taking up the shares, the shareholder who made such a contribution is obliged to compensate the company for the missing value. Members of the management board are jointly and severally liable with the shareholder, unless they are not at fault. The shareholder and management board members cannot be released from this obligation cf. art. Commercial Companies Code . The above provision applies only to non-monetary contributions contributions in kind . This provision is the equivalent of Art. of the Commercial Companies Code and in accordance with the case law.
The content of the obligation specified in Art. of the Commercial Companies Code is to compensate for the missing value of the non-cash contribution, which is the responsibility of the entity making the contribution in kind, regardless of the possibility of attributing fault to it. However, with respect to members of the management board, the provision provides for their liability only in a situation where they reported the increase in the share capital to the register, knowing that the value of the contributions had been significantly overstated.
If the value of the non-cash contribution allocated to the share capital has been significantly philippines photo editor overstated in relation to its fair value on the day of taking up the shares, the shareholder who made such a contribution is obliged to compensate the company for the missing value. Members of the management board are jointly and severally liable with the shareholder, unless they are not at fault. The shareholder and management board members cannot be released from this obligation cf. art. Commercial Companies Code . The above provision applies only to non-monetary contributions contributions in kind . This provision is the equivalent of Art. of the Commercial Companies Code and in accordance with the case law.
The content of the obligation specified in Art. of the Commercial Companies Code is to compensate for the missing value of the non-cash contribution, which is the responsibility of the entity making the contribution in kind, regardless of the possibility of attributing fault to it. However, with respect to members of the management board, the provision provides for their liability only in a situation where they reported the increase in the share capital to the register, knowing that the value of the contributions had been significantly overstated.