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Mandatory Amendment of the Articles of Association — The New Companies Act

The new Companies Act (Official Gazette 65/20) requires LLCs, general partnerships and sole traders to align their articles of association and other acts — failure to do so leads to court liquidation.

FP Finance Plus 24 February 2021

The new Companies Act has come into force

In 2020, the new Companies Act came into force (Official Gazette 65/20). Under this act, it is required that all limited liability companies, general partnerships and sole traders align their organisation with the law and register the changes no later than the statutory deadline.

What must be changed

It is necessary to amend the status documents:

  • Articles of Association
  • Company bodies
  • Other general acts

All documentation must be aligned with the new law.

Risk: court liquidation

Under Article 329, paragraph 5 of the Act:

The competent registration authority shall, within 30 days after expiry of the statutory deadline, initiate before the competent court proceedings for the court liquidation of companies that have not fulfilled their registration obligation within the given deadline — and shall delete them after the proceedings have been carried out.

Proventum generates the status documentation

Proventum gives you the option to easily and quickly generate all the required status documentation — download the documents and submit them to the competent institutions.


Contact Finance Plus and align with the new law today.

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