According to the provisions of the Companies Act contributions to the company may be pecuniary or in kind, and are expressed in dinars.
If a pecuniary contribution is paid in a foreign currency in accordance with the law governing foreign currency operations, the dinar counter value of the contribution is calculated using the National Bank of Serbia middle exchange rate on the day of contribution payment.
In kind contributions may be given in tangibles or intangibles, unless otherwise specified by the Companies Act for certain types of companies.
The company’s share (registered) capital is the pecuniary value of the company’s members’ subscribed contributions to the company, which is registered in accordance with the registration act. Continue reading Contributions of the company
Law on financial leasing governs:
- financial leasing transactions
- financial lease agreements
- rights and obligations of parties to a financial leasing transaction
- terms of performing financial leasing transactions
- supervision of Lessors’ operations and
- the Register of Financial Leases.
Financial Leasing Transaction
A financial leasing transaction means a financial intermediation transaction which is performed by the Lessor and implies that the Lessor, while retaining the right of ownership of the Lease Asset, transfers to the Lessee, for an agreed period of time, the right to possession and use of the Lease Asset, including all risks and rewards incidental to ownership, in return for the Lease Payment which the Lessee pays to the Lessor, provided that at least one of the following conditions has been met: Continue reading Parties to a financial leasing transaction