Attorney Dragana Djordjevic » "law on registration" (3)

Contributions of the company

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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 →

Exit of limited liability company member

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Exit of limited liability company member (hereinafter referred to as: exit of company member) is one of the reasons for termination of company member status. Procedure of exit of company member shall be governed by the provisions of Articles from 187 to 193 of the Law on Business Companies.

Reasons for termination of company member status are:

  • Death, in case of a natural person, or deletion from a relevant register, in case of a legal entity
  • Exit from a company
  • Expulsion from a company
  • Transfer of entire equity interest
  • Withdrawal and cancellation of entire equity interest.

Exit of Company Member without Claiming Compensation for Equity Interest

A comapany member, which hasn’t outstanding liabilities towards the company on the basis of outstanding contributions, may at any time, on the basis of the statement on exit which sall be submitted to the company, to exit from the compnay without giving any reasons for the exit, if he/she does not demand compensation for its equity interest. Continue reading Exit of limited liability company member →

Consulting agency foundation

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Consulting agency can be established and registered or entered in the register of the companies or in the register of entrepreneurs of the Serbian Business Registers Agency of the Republic of Serbia in the form of business company and consulting activities can be performed by a natural person with full capacity, which will be registered as an entrepreneur in that aim.

The establishment, registration and organization of business companies and entrepreneurs are governed by Law on Business Companies, Law on the Procedure of Registration with the Serbian Business Registers Agency, Rulebook on the Content of the Business Entities Register and Documents Required for Registration and Decision on Fees for Registration and other Services Provided by the Serbian Business Registers Agency Continue reading Consulting agency foundation →