Companies Act

Companies Act

Additional payments of the company member

Additional payments, as well as the loan to the company is one of the several possible ways of financing the company by a member of the company. The provisions of Articles from 178 to 180 of the Companies Act regulates the following issues related to additional payments: manner of establishing the additional payment obligation, consequences…
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Companies Act

The company’s business name

A company operates and participates in legal transactions under a business name, which it had registered in accordance with the registration act. By the provisions of Articles 22 to 30 of the Companies Act are regulated elements of the business name (mandatory, optional and prohibited), the language and alphabet of the business name, as well…
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Companies Act

Company’s Memorandum of association

According to the provisions of the Companies Act a memorandum of association is a constitution document of a company that takes the form of a decision on incorporation if the company is incorporated by a single person, or the form of an agreement on association if it is incorporated by several persons. At the occasion…
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Legal representatives of the company in liquidation

Liquidator

The liquidation of a company shall be conducted by liquidators. These are the persons who conduct the company’s business during the liquidation, represent the company (legal representatives of the company in liquidation) and they are responsible for the legality of operations of the company. The Companies Act regulates the appointment and removal of the liquidators, as…
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Insurance Law

Professional liability insurance in Serbia

Professional liability insurance provides insurance protection to the insured for claims for compensation of ordering parties of services that are the result of professional fault of the insured in performing the registered activity and for which the Insured is liable under the law. Professional fault is a violation and / or derogation of the existing…
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Acquisition, Merger, Division, Spin-off

Status changes according to the Law on Business companies – concept and types

Concept of a Status change: 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 essence of the status change is manifested in the following two…
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