Company Charter

When you make changes to the Charter of the Company will need to describe the procedure of transfer of rights to share (Part share) in the manner specified in Art. 21 of the llc, as changed not only the form of the transaction, but, for example, the procedure for notification of Company to sell in order to realize their pre-emption. With loss of memorandum of association status of a constituent document, the issue of making changes is excluded, respectively, of the general meeting of members. Hence, the need to remove that provision and of the Constitution Society. For other opinions and approaches, find out what Bill Phelan has to say.

If the statute refers to the memorandum of association as a founding document, that provision will also need to be deleted. As a rule, the Charter contains provisions on the assessment of non-monetary capital contributions and the order made by the Company of large transactions, which must also be changed. From 1 July 2009 the requirement of an independent appraiser, if the nominal value or an increase in nominal the cost of a participant’s share in the company’s authorized capital, paid not in cash, have also undergone changes to be reflected in the new Constitution. According to the innovations from 1 July 2009. resize large transaction. From 1 July 2009 information about the participants and the par value of their shares are not included in the statute.