The provisions of the Companies Act (“Off. Herald of RS”, Nos. 36/2011, 99/2011, 83/2014 – other law, 5/2015, 44/2018 and 95/2018) regulated the implementation procedure of status changes of the division and the spin-off.
Status change division and spin-off may involve one or several companies of the same or different legal form. They may not apply to a company in liquidation or bankruptcy unless the status change is conducted to measure reorganization following the bankruptcy act.
A company may divide by simultaneously transferring all of its assets and obligations to:
- Two or more newly incorporated companies (the division by incorporation) or
- Two or more existing companies (the division by acquisition) or
- One or more newly incorporated companies and one or more existing companies (the mixed division).
Continue reading Company’s division plan
Provisions of the Companies Act shall regulate concept and types of status changes, as well as procedures for conducting status changes, registration, and legal consequences of registration of status changes.
A company in a status change – the transferring company reorganizes itself to the effect that it transfers assets and obligations to another company – the recipient company, while its members acquire shares, i.e. stocks in that company.
The acquisition represents a type of status change.
One or more companies may be acquired by another company by transferring all assets and obligations to that company, whereby the acquired company dissolves without undergoing liquidation procedure. Continue reading Decision on the acquisition of company and its legal effect
Limo service means a public transport that is performed by a vehicle which is rented with the driver’s assistance. Conditions for performing the activity of limo service in Serbia are determined by the provisions of the Law on Transportation of Passengers in Road Traffic (“Official Herald of RS”, No 68/2015, 41/2018, 44/2018 – other law, 83/2018, 31/2019 i 9/2020).
A company or entrepreneur can perform a limo service if it has a decision of the municipal or city administration, i.e., the management in charge of traffic affairs, which determine that the company or the entrepreneur meets the requirements:
The company fulfills the requirement for a seat if it has a seat on the territory of the local self-government, which issues the approval. The seat must include business premises where the primary business documents are stored, especially accounting documents, human resource documents, and other documents relevant to performing the activities of taxi transportation. Continue reading Conditions for performing the activity of limo service