Duties of incorporated companies and shareholders in conjunction with the legalization of the business corporations act

From 1.1.2014 comes into force the Business Corporations Act. According to this act must be every bearer share registered at the Central Securities Depository or physically deposited in the bank (immobilized securities). Another option, which the law allows, is the transformation of bearer securities into registered shares. This transformation is associated with the change of the Company’s statutes and with additional obligations of Incorporated Companies and Shareholders specified in the Act. The complete version of the Act is available on http://www.psp.cz/sqw/sbirka.sqw?O=6&T=363.