Memorandum of Association

Companies Act

Contributions of the company

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…
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Concept, Types, Documents and Procedure of Company’s Legal Form Change

Company’s legal form change

Company may change its legal form under the conditions and procedure which have been prescribed by the provisions of Articles 478 to 482 of the Companies Act. Concept of a Legal Form Change By changing the legal form, a company converses from one legal form into another legal form, in accordance with Companies Act. The…
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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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The association shall be established for an indefinite or definite period

Associations according to Law on Associations

The Law on Associations shall regulate: the establishment and legal status of associations their entry and deletion from the Register membership and bodies associations’ status changes termination any other issues of importance to their activities. The present Law shall also regulate the status and operations of foreign associations. For the purposes of the Law on…
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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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