Requirements for Conducting Factoring

Law on Factoring (“Official Herald of the Republic of Serbia”, Nos. 62/2013 and 30/2018) regulates the concept and subject of factoring, factoring participants, conditions and manner of factoring, types of factoring, rights and obligations of factoring participants, factoring contract, reverse factoring, and supervision of factoring. According to provisions of the Law on Factoring (“Official Herald of the Republic of Serbia”, Nos. 62/2013 and 30/2018), factoring shall be a financial service of buying and selling of existing non-matured or future short-term monetary receivable, that arose from a contract of sale of goods or provision of services at home and abroad.

Requirements for Conducting Factoring

A company incorporated in the Republic of Serbia to conduct factoring may undertake tasks of buying and selling existing non-matured or future short-term monetary receivables that arose from a contract of sale of goods or provision of services at home and abroad if it meets the requirements of the Law on Factoring (“Official Herald of the Republic of Serbia”, Nos. 62/2013 and 30/2018) in respect of capital and has approval to conduct the business of factoring. Continue reading Requirements for Conducting Factoring

Legal aspects of the contract of the company members

The contract of the company’s members is a named corporate law contract. Unlike the founding act, a mandatory document of every company, the members’ agreement is optional. However, the absence of a legal obligation to conclude a contract for the members of a company, the complexity of relations in multi-member companies, and the great practicality of the members’ contract are reasons for it to be more prevalent in business practice in Serbia.

The contract of members of a company is defined by the provisions of Article 15 of the Companies Act as a contract that is concluded in writing with one or more members of the same company, which regulates issues of importance for their mutual relations in connection with the company, and which produces effect exclusively between the members of the company who concluded it. Continue reading Legal aspects of the contract of the company members

Requirements for enrollment in the register of agricultural holdings and the passive status of the Agricultural Holding

To implement and monitor agricultural policy, record agricultural holdings and family holdings, and conduct analytics and statistics for the needs of the Ministry responsible for agriculture affairs, the Directorate for Agricultural Payments maintains the Register of Agricultural Holdings.

Rulebook on registration in the Register of Agricultural Holdings, data changes and renewal of registration, electronic processing, as well as on conditions for passive status of agrarian holdings (“Official Gazette of RS”, No. 25/2023, 110/2023, 3/2024 and 34/2024) (hereinafter: Rulebook) prescribes the manner and conditions of registration and management of the Register of Agricultural Holdings, the conditions and manner of changing data in the Register of Agricultural Holdings and renewal of registration, the method of storing data entered in the Register of Agricultural Holdings, the electronic form in which submissions and attachments are submitted, and to the parties, the decisions made in the procedures for registration in the Register of Agricultural Holdings, renewal of registration, changes to data entered in the Register of Agricultural Holdings and deletion from the Register of Agricultural Holdings, the way of providing support to the subjects of registration in the Register of Agricultural Holdings in connection with electronic processing, the application form for registering an agricultural holding in the Register of Agricultural Holdings, the application form for renewal of registration, attachment forms and documentation to be submitted with the application, as well as the conditions for the passive status of the agricultural holding. Continue reading Requirements for enrollment in the register of agricultural holdings and the passive status of the Agricultural Holding