Maximum amount of the shareholders of private limited liability company

According to the changed Article 2 of Law on Companies, the limitations on the maximum amount of shareholders of private limited liability company is voided. Due to the changes, the company can have unlimited number of shareholders.

Minimum share capital of public limited liability company

New regulations establish that the minimum share capital of public limited liability company shall be not less than EUR 25.000. This regulation amends the legislation under which the minimum share capital of the public limited liability company was not less than EUR 40.000.

Shareholder’s right to receive company’s information

Under the new legislation the majority of shareholders (i.e. 2/3 of company’s shareholders) have the right to adopt a decision due to the information with which the shareholder can get acquainted. New legislation indicates that the information with which shareholders shall be acquainted could be indicated in the Articles of Association of the company, including the information which shall be submitted to the shareholders under the law. This right to receive information which is indicated in the Articles of Association could be applied to all the shareholders of the company (regardless of the number of the owned shares).