Publication details
Development of the Legal Regulation of Company's Capital in the Czech Law
| Authors | |
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| Year of publication | 2009 |
| Type | Chapter of a book |
| MU Faculty or unit | |
| Citation | |
| Description | The chapter describes conception of registered capital in czech legal regulation of business companies, its sequential development from the moment of coming into force of Commercial Code to contemporary consideration about reform of the rules regulating the registered capital. The chapter shows, how the regulation has been extended and approximated the standards included in the Second Council Directive. The chapter is a vignette of essential rules of current regulation: duty to create the registered capital in the scope determined by law, an obligation to pay contributions at least partially before recording the amount of a capital into the Commercial Register, the prohibition to return contributions, remission of paying up a consideration and reduction of a consideration by a shareholder because of claims they have against a company, except for a legal exception concerning capitalization of claims, the prohibition of paying benefits if sources for the payment not have been cerated. In conclusion it points out the expected development. |
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