Attorney Dragana Djordjevic » "Law on companies" (2)

Voluntary liquidation of the company – legal aspect

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According to provisions of Article 468 of Law on Business Companies, business company shall be dissolved by deletion from the register of economic operators in case of:

  • Liquidation or forced liquidation in accordance with this Law
  • Bankruptcy proceedings in accordance with the law governing bankruptcy and
  • A status change resulting in the dissolution of a company.

Liquidation of the company is the process of dissolution of the solvent company and can be: voluntary and forced.

Voluntary liquidation of the company is run by the decision of the owner of the company, as opposed to the forced liquidation, which starts in the cases provided by law Continue reading Voluntary liquidation of the company – legal aspect →

Valuation of the contribution in kind consisting of the securities

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Fixing the value of a contribution in kind, which is consisting of the securities is done in two ways:

  • by applying of the special rules which are prescribed by Article 57 of the Law on Companies or
  • by applying of the general rules, which are prescribed by Article 51 of the Law on Companies, for appraisal of the value of a contributions in kind which ought to be entered in other goods.

Valuation of securities by applying of the special rules

According to the provisions of Article 57 of the Law on Companies fixing the value of the contribution in kind, which is consisting of securities, shall be valid if the following conditions are met Continue reading Valuation of the contribution in kind consisting of the securities →

Registration of the representative office in Serbia

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Registration of the representative office in Serbia – the legal framework

The legal position of the representative office of a foreign company in the Republic of Serbia as well as the registration of a representative office in Serbia, are regulated by the provisions of articles 574-577 of the Companies Act (RS Official Gazette, Nos. 36/2011, 99/2011 and 83/2014 – other law, 5/2015, 44/2018, 95/2018, 91/2019 and 109/2021), the Law on the Registration Procedure in the Agency for Business Registers (“Official Gazette of RS”, No. 99/2011, 83/ 2014, 31/2019 and 105/2021) and the Rulebook on the content of the Business Entities Register and documents required for registration (RS Official Gazette, No. 42/2016).

The Companies Act with provisions of article 574. paragraph 1 define the representative office as a separate organisational unit of a foreign company that may carry out preliminary and preparatory work leading to the conclusion of a transaction by that company.

Continue reading Registration of the representative office in Serbia →