Czech Republic - June 22 2012 Pursuant to Section 128 (1) and Section 184a (1) of the Act No. 513/1991 Coll., the Commercial Code, as amended, the general meeting of a limited liability company or a joint stock company approving ordinary financial statements must be held no later than six months following the last day of the accounting period (unless the Foundation Deed/Memorandum of Association or the Articles of Association of the company require a shorter period).
Czech Republic - February 7 2014 1 January 2014 was a significant milestone in terms of changes to civil laws in the Czech Republic. The New Act No. 90/2012 Coll., on Business…
Czech Republic - July 23 2012 If a joint stock or a limited liability company’s accounting period matches the calendar year, the company is obliged to approve its ordinary financial statements by 30 June 2012.
Czech Republic, European Union - January 11 2012 The extensive Amendment to the Act on Transformations of Corporations and Cooperatives, No. 125/2008 Coll., came into force on 1 January 2012 and will remove a large number of deficiencies and ambiguities in this often criticised piece of legislation.