Examples of Slovak Commercial Code in a sentence
Under the Slovak Commercial Code, all companies are required to create a legal reserve fund to cover losses.
According to Section 13(4) and 133(3) of the Slovak Commercial Code (Act No. 513/1991 Coll., as amended), any restriction of the authority of a company’s statutory body to act for the company shall be ineffective vis-à-vis third parties (any disclosure of that restriction notwithstanding).
Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future adverse financial conditions.
Legal reserve fund Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future adverse financial conditions.
Anything herein to the contrary notwithstanding, the obligations of a Foreign Borrower or Foreign Guarantor of Payment organized under the laws of Slovakia under this Agreement or any other Loan Document shall not include any payment undertaking, obligation or liability to the extent such payment undertaking, obligation or liability would result in the infringement or circumvention of the provisions on capital maintenance set forth by Slovak Law (in particular Section 123(3) of the Slovak Commercial Code).
Legal reserve fund Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future losses.
WorldReginfo - e0669938-03c6-4037-affe-074f97d5fb11Attributable from the 2007*1 6002 174 2074225125 101 162 profit for the year 20062 2242 174 2074234934 890 615Legal reserve fund Under the Slovak Commercial Code, all companies are required to maintain a legal reserve fund to cover future adverse financial conditions.
Anything herein to the contrary notwithstanding, the obligations of a Foreign Borrower organized under the laws of Slovakia under this Agreement or any other Loan Document shall not include any payment undertaking, obligation or liability to the extent such payment undertaking, obligation or liability would result in the infringement or circumvention of the provisions on capital maintenance set forth by Slovak Law (in particular Section 123(3) of the Slovak Commercial Code).
In accordance with the Slovak Commercial Code applicable to the subsidiary in the Slovak Republic, the subsidiary is required to make appropriation to a legal reserve fund based on a minimum amount of 5% of net profit annually, until the legal reserve fund exceeds at least 10% of the registered share capital.
Legal forms of business,minimum capital, contributionCorporate forms introduced by the Slovak Commercial Code are:General PartnershipSlovak: “verejná obchodná spoločnosť” or the abbreviation “v.