Before you go on holiday, be sure to discuss the financial statements. The general meetings of companies whose financial year ended on 31 December shall deal with financial statements and related documents at the latest by 30 June. The company must publish everything by filing it in the collection of documents of the Commercial Register.
Do not overlook the threat of significant financial sanctions and the possibility of the company being closed by the court, which we have seen happen more than once.
This remains the case even with new rules in place under which regular financial statements for the previous financial year may be used as the basis for profit distribution even after the six-month approval period until the end of the following financial year. We have already written about this change here: http://deltalegal.cz/en/fundamental-change-in-the-distribution-of-profit-for-joint-stock-companies/
Want a worry-free summer? Do not hesitate to contact us. We will be happy to advise you on what to cover at the annual general meeting, to help you arrange it or to assist in preparing the basis for the decision.
This document is only a general statement and should not be regarded as legal advice on a particular matter.
Subscribe to legal news
- Be close to us - you will be the first to find out what's going on in our office or receive tips for interesting events
- Stay informed - keep up-to-date on the topics you are interested in
- Keep our advice within reach - ask us anytime about anything you need
By submitting this contact form you agree to subscribe to our Legal newsletter and to the use of your personal data (e-mail) to send it. After you log in, we will send you an e-mail message to verify the availability of your e-mail address, and after receiving confirmation you will be included in the database of Legal newsletter recipients. We will send you Legal newsletters approximately once every two weeks. Your e-mail address is safe with us and we will take care of it as long as you subscribe to the Legal newsletter. You can unsubscribe at any time by sending a request to firstname.lastname@example.org or by clicking in the footer of each Legal newsletter. We will remove your personal information from the database after the termination of communication.