Companies Act

Relationship between the joint-stock company and stockholders

According to provisions of the Companies Act relationship between the joint-stock company and stockholders shall be defined with rights and obligations as follows: Right to a dividend Limitations on payments to stockholders Pre-emptive subscription right of the stocks Financial Support of the company in acquiring stocks Withdrawal and cancellation of stocks due to failure to…
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Capital market

Types and clases of stocks which issue company

The stocks issued by the company are issued in their dematerialized form and read in the name of a stockholder, and the provisions of those regulations governing the capital market are applied to the registration of the issue of stocks, their legal holders, transfer of stocks, transfer of rights deriving from stocks, limitation of rights…
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Corporate Profit Tax Law

Tax aspect of liquidation of companies

Tax aspect of liquidation of companies have their own specific characteristics in relation to the general corporate tax regime. The most common tax questions which arise regarding the tax aspect of liquidation of companies are: assessment of tax on corporate profit of companies in liquidation and tax treatment of payments of the liquidation surplus. Assessment…
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Status and position of the entrepreneur

Entrepreneur or company

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 defined as a natural person with full capacity who is registered in the Business Entities Register and is engaged in a…
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