ARTICLE
1 September 2009

Simplified Procedure For Increasing Share Capital

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CMS Cameron McKenna Nabarro Olswang

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Companies can now increase their share capital without having to obtain an expert valuation of non-monetary contributions.
Czech Republic Corporate/Commercial Law

Companies can now increase their share capital without having to obtain an expert valuation of non-monetary contributions.

This can be done as long as:

  • the contributions are valued in another way (by an independent expert, in the audited accounts or the financial instrument's weighted average market price), and
  • the decision not to obtain an expert valuation is approved by the company's board or other statutory body

The change was introduced on 20 July 2009 as part of substantial changes to the Commercial Code.

Law: Act no. 513/1992 Coll., the Commercial Code

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Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.

The original publication date for this article was 31/08/2009.

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