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