Shares in limited liability company according to companies act – basic rules

The share represents the contribution of a member into the limited liability company’s share capital which is expressed in percentage. A company member acquires a share in the company proportionately to the value of his contribution into the company’s share capital, unless otherwise provided by the memorandum of association upon company incorporation or by a unanimous resolution of the general meeting.

A company shareholder may have only one share in the company.

If a company shareholder acquires more shares, these shares are joined and comprise one share.

Legal Nature of Shares

A company’s shares are not securities.

A company’s shares may not be acquired, nor may they be disposed by forwarding a public offer in terms of the law regulating the capital market. Continue reading Shares in limited liability company according to companies act – basic rules

Subject matter of the right of security

By the LAW ON RIGHT OF SECURITY UPON MOVABLE OBJECTS FILED IN REGISTRY (“Official Herald of the Republic of Serbia”, Nos. 57/2003, 61/2005, 64/2006 – correction, 99/2011 – other laws and 31/2019) shall be regulated the pledge, without delivering in possession, of movable objects and rights to secure a claim of a creditor, the contract of security, the rights and obligations of contracting parties, the filing of the right of security in the Registry, the settling of a creditor secured by pledge, and the termination of the right of security.

Movable objects and rights shall be pledged by filing in the Register of Pledges on Movable Property and Rights instituted in the Serbian Business Registers Agency.

Legal relations that are not regulated by the LAW ON RIGHT OF SECURITY UPON MOVABLE OBJECTS FILED IN REGISTRY (“Official Herald of the Republic of Serbia”, Nos. 57/2003, 61/2005, 64/2006 – correction, 99/2011 – other laws and 31/2019) shall be subject to regulations covering obligations (contract and torts) and property law relations, and to additional rules. Continue reading Subject matter of the right of security