Polish Trusted Regulation Agency Of The Economic Chamber Of Austria Wkö

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The company's share capital is deemed to be decreased as of the day of registration referred to in paragraph 1 of this Article. The listing of stockholders referred to in paragraph 1 of this Article of A is made by the company on the idea of the extract from the only records of stockholders stored with the Central Registry. When deciding on the action referred to in paragraph 4 of this Article, the court shall pay particular attention on whether the requested security is necessary for protecting the collectors, having in mind the company's assets. If a reduction in share capital is made consistent with the provisions of Article 319 of this Act that governs the safety of collectors, a decision on the discount of share capital additionally incorporates the invitation to the creditors to file their claims for the aim of safety curiosity. The provisions of this Act referring to the final meeting apply to all joint stock turkish Immigration Lawyer corporations independently of the sort of management group. Stocks may be issued in exchange for convertible bonds provided that the difference between the amounts for which such bonds were issued and the amounts of the share capital these bonds represent is roofed from the reserves available for those objective, or by payment of corresponding pecuniary amount by the holders of these bonds. Any change in the sort of administration organization is made by means of modification to the articles of affiliation.
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Provisions of this Act governing the reduction and improve of the corporate's share capital apply to the case referred to in paragraph 1 of this Article. Notwithstanding paragraph 1 of this Article, the corporate may, offered it beforehand covers the losses referred to in paragraph 2 of this Article, increase the share capital from the retained earnings and reserves that remained after such loss is covered.

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