Investor Presentaiton slide image

Investor Presentaiton

Limited liability company (společnost s ručením omezeným - spol. s r. o. or s. r. o.) - The company must have at least = CZK 1 of registered capital. ―The list of shareholders, the amount of each shareholder's contribution and the names of the members of the supervisory board (if one is established) must be recorded in the Commercial Register. The law allows the creation of different kinds of shares. Shares to which the same rights and obligations are attached form one kind of share. Shareholders may own more than one share and also different kinds of shares. The shares of a shareholder may be represented by a common share certificate (kmenový list). However, such a certificate cannot be in the form of a registered certificate and may not be publicly offered or admitted to trading on the regulated market. A supervisory board is only necessary if required by the memorandum of association. - The general meeting appoints an executive (jednatel) or executives, who are legally responsible for the management of the company and whose details, including information on their authorisation to act on behalf of the entity, must be recorded in the Commercial Register. - A legal entity may also be appointed as the executive. - A limited liability company does not require an audit unless two or more of the following criteria are met, for both the year in question and the preceding year: - net turnover exceeds CZK 80 million per annum; ― total assets exceed CZK 40 million; the average number of employees exceeds 50. ― Establishment takes around 1 month from providing all necessary documents and information. Joint-stock company (akciová společnost - a. s.) Registered capital may not be less than CZK 2 million or EUR 80,000. Non-cash contributions to registered capital must be valued by an independent expert proposed by the founders (when a company is being established) or the company (registered capital increase). The valuation is binding on the company. 33
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