Corporate & Commercial
In accordance with the report on financial restructuring measures, an increase of the share capital of the company with new cash contributions must be made within the company, which must be decided upon by the general meeting of shareholders. Following the applicable legislation before the adoption of the Intervention Measures Act a general meeting deciding on the increase of share capital had to be convened at least 15 days before the date of the general meeting. What can we do?
If the company bodies are due to the objective consequences of the declaration of an epidemic unable to convene a general meeting in a timely manner, they must convene it at the latest within one month after the termination of the measures, i.e. until 30 June 2020 or until 31 July, 2020, in case of extension.
