According to the provisions of the Companies Act contributions to the company may be pecuniary or in kind, and are expressed in dinars.
If a pecuniary contribution is paid in a foreign currency in accordance with the law governing foreign currency operations, the dinar counter value of the contribution is calculated using the National Bank of Serbia middle exchange rate on the day of contribution payment.
In kind contributions may be given in tangibles or intangibles, unless otherwise specified by the Companies Act for certain types of companies.
The company’s share (registered) capital is the pecuniary value of the company’s members’ subscribed contributions to the company, which is registered in accordance with the registration act. Continue reading Contributions of the company