Attorney Dragana Djordjevic

Securities are written certificates by which their issuer assumes a duty to fulfill the obligation inscribed in such certificate to its legal owner.

Securities must contain the following essential constitutive elements:

designation as to the kind of securities
indication of the firm, or name and registered office and/or name and domicile of the issuer of securities
indication of the firm or title, or name of the person to whom, or at whose order, securities are made out, or a designation that securities are made out to its bearer
exact designation of the obligation of the issuer resulting from the securities
indication of the place and date of issue of the securities, and in case of securities issued in series, their serial number
signature of the issuer of the securities, or the facsimile of signature of the issuer of securities issued in series.

For some kinds of securities other essential constitutive elements may also be determined by particular law. Continue reading Securities →

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 →