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Corporate documents must comply with a new act

Joint-stock and limited liability companies have two years to adjust their basic documents to the new Act on Trading Corporations (ZOK). Until then, they are subject both to ZOK and the old Commercial Code. The so-called mandatory provisions of the act, i.e. those one cannot deviate from contractually, must already be considered in documents until 1st July 2014.

Source: www.govdaily.cz/en/  

 
 
 
 
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