Stock Corporation Act (Laws / Regulations of Germany) Chapter 2 Nullity of the annual accounts as approved and established Section 256 Nullity (1) In addition to being null and void in the cases governed by section 173 (3), section 234…
Category: Laws / Regulations of Germany
Nullity of certain resolutions adopted by the general meeting
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 2 Nullity of certain resolutions adopted by the general meeting Section 250 Nullity of the election of members of the supervisory board (1) The election of a member of the supervisory…
Nullity of resolutions adopted by the general meeting
Stock Corporation Act (Laws / Regulations of Germany) Part 7 Nullity of resolutions adopted by the general meeting and of the annual accounts as approved and established. Special audit for impermissible understatement Chapter 1 Nullity of resolutions adopted by the…
Capital reduction by redeeming shares of stock. Exception for no-par-value shares
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 3 Capital reduction by redeeming shares of stock. Exception for no-par-value shares Section 237 Pre-requisites (1) Shares of stock may be redeemed mandatorily or following a purchase by the company. A…
Simplified capital reduction
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 2 Simplified capital reduction Section 229 Pre-requisites (1) A reduction of the share capital intended to offset impairments in value, to cover other losses, or to allocate amounts to the capital…
Ordinary capital reduction. Measures serving the reduction of capital
Stock Corporation Act (Laws / Regulations of Germany) Chapter 3 Measures serving the reduction of capital Subchapter 1 Ordinary capital reduction Section 222 Pre-requisites (1) A reduction of the share capital may be resolved upon only by a majority amounting…
Convertible bonds. Income bonds
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 5 Convertible bonds. Income bonds Section 221 (1) Bonds entailing a right of exchange or pre-emptive right for newly issued shares of stock that is conferred on creditors or on the…
Capital increase using company funds
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 4 Capital increase using company funds Section 207 Pre-requisites (1) The general meeting may resolve to increase the share capital by converting the capital reserves and retained income to share capital.…
Authorised capital
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 3 Authorised capital Section 202 Pre-requisites (1) The by-laws may grant authority to the management board, for a maximum period of five (5) years following entry in the register of the…
Conditional capital increase
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 2 Conditional capital increase Section 192 Pre-requisites (1) The general meeting may adopt a resolution to increase the share capital that is to be implemented only insofar as a right of…