Attorney Dragana Djordjevic » Blog » Commercial law (33)

Reporting obligation to NBS in respecct of foreign operations

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Reporting obligation to NBS (National Bank of Serbia) in respect of foreign operations governing the following two regulations:

  • Decision on Reporting Requirements in Respect of Foreign Operations (RS Official Gazette, Nos 87/2009 and 40/2015) and
  • Guidelines for Implementing the Decision on Reporting Requirements in Respect of Foreign Operations (RS Official Gazette, No 87/2009 and 40/2015).

Reporting entities and reporting titles to NBS in respect of foreign operations

Decision on Reporting Requirements in Respect of Foreign Operations (RS Official Gazette, Nos 87/2009 and 40/2015) by its provisions regulate the reporting entities and the titles of reporting to NBS in respect of foreign operations Continue reading Reporting obligation to NBS in respecct of foreign operations →

Valuation of the contribution in kind consisting of the securities

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Fixing the value of a contribution in kind, which is consisting of the securities is done in two ways:

  • by applying of the special rules which are prescribed by Article 57 of the Law on Companies or
  • by applying of the general rules, which are prescribed by Article 51 of the Law on Companies, for appraisal of the value of a contributions in kind which ought to be entered in other goods.

Valuation of securities by applying of the special rules

According to the provisions of Article 57 of the Law on Companies fixing the value of the contribution in kind, which is consisting of securities, shall be valid if the following conditions are met Continue reading Valuation of the contribution in kind consisting of the securities →

Entrepreneur or company

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Status and position of the entrepreneur and the company is governed by the provisions of the Law on Companies.

The entrepreneur, according to the provisions of Article 83 of the Law on Companies, is definied as a natural person with full capacity who is registered in the Business Entities Register and is engaged in a business activity for the purpose of profit generation.

Entrepreneur or company

Also the entrepreneur in terms of the Law on Companies, shall be a natural person registered with a special register who carries on a professional activity governed by a special regulation, if this is provided by such regulation. Continue reading Entrepreneur or company →