Corporate & Commercial
In accordance with the report on financial restructuring measures, an increase of the share capital of the company with new cash contributions must be made within the company, therefore the management must publish a call for subscription and payment for shares on the basis of an increase of the share capital with contributions in three business days. Does the new act regulate this obligation differently?
If the company bodies are due to the objective consequences of the declaration of an epidemic unable to publish a call for subscription and payment for shares in a timely manner, they must do so at the latest within one month after the termination of the measures, i.e. until 31 May 2020 or until 30 June, 2020, in case of extension.
