Duty to keep business secret according to provisions of the Companies act

Duty to keep business secret is regulated by the provisions of Articles from 72 to 74 of the Companies Act.

A business secret is information the disclosure of which to a third party may damage the company, as well as information that has, or may have, economic value because it is not generally known or easily available to third parties who could acquire economic benefit through its use or disclosure, and with regard to which the company took appropriate measures to keep its secrecy.

Information which is a business secret may be of a productive, technical, technological, financial or commercial nature, a study, a research finding, as well as a document, formula, drawing, facility, method, procedure, notice or internal instruction, and the like. Continue reading Duty to keep business secret according to provisions of the 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 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

Establishment of private preschool institution

The preschool institutions are the holders of preschool upbringing and education.

The field of preschool upbringing and education is regulated by the following laws:

  • Law on the Foundations of the Education and Upbringing System (“Official Gazette of the Republic of Serbia” No. 88/2017)
  • Law on Preschool Upbringing and Education (“Official Gazette of the Republic of Serbia”, No. 18/2010) and
  • Law on Public Services (“Official Gazette of RS”, Nos. 42/91, 71/94, 79/2005 – D. Law, 81/2005 – Official Gazette, 83/2005 – 83/2014 – the law).

Given that the activity of preschool education is a matter of immediate social interest and it is realized as a public service, the regulations on public services apply to the establishment and operation of such an institution. Continue reading Establishment of private preschool institution