The introduction of an electronic register of shareholders obligation will increase the operating costs of companies covered by this regulation.
The Act amending the Code of Commercial Companies and certain other acts signed by the President on September 6, 2019 (Journal of Laws of 2019, item 1798), as long as the obligation to implement the electronic register of shareholders. It applies only to joint-stock companies and limited joint-stock partnerships. Other entities, due to their legal form, are not covered by new regulations.
From 4 to 6,000 a year
Pursuant to the Act, its addressees are required, by 30 June 2020 at the latest, to choose and sign a contract with an external entity to keep a register of shareholders. If this obligation is not met, the company may suffer the consequences. One of them is a fine of up to 20 thousand. from.
The selection of an external entity to keep the register of shareholders should be made in the form of a resolution of the general meeting of shareholders. As long as they have the opportunity to conclude a contract, they must be adopted at a later date. On…