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Czech Republic: deadline for approval of financial statement

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).

Ivana Fára

Increase in the lawful amount of THC in hemp to 1% in the Czech Republic

Czech Republic - December 13 2021 The world is witnessing an increase in the popularity of hemp products, with many countries reacting by adjusting their national legislation…

Tomáš Matejovský

The Czech Republic: Amendment to the Pharmaceuticals Act

Czech Republic - August 2 2019 On 25 July 2019 the Czech Senate discussed a draft amendment to Act No. 378/2007 Coll., Pharmaceuticals Act, as amended (the “Amendment”) which was…

Tomáš Matejovský

Czech Republic approves new rules for advertising medical devices

Czech Republic - February 22 2021 On 16 February 2021, the Czech president signed the new law, which amends the Advertisement Act and introduces new rules on the advertising of…

Tomáš Matejovský

The duties of a statutory body in the event of negative equity

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.

Ivana Fára