The financial statements for the respective accounting period, i.e. for the year 2013, shall be submitted to the competent body of the company (usually the general meeting) in order to be approved by it within the period of 6 months following the end of the accounting period. The approved financial statements shall be submitted to the Collection of Deeds without undue delay.
If the competent body of the company does not approve the financial statements within the stated period, such non-approved financial statements shall be submitted to the Collection of Deeds at the end of the year following the end of the accounting period at the latest.
If the company fails to meet the above mentioned statutory duty, the relevant State Authority is entitled to punish such company and impose a fine up to the amount of CZK 100,000 or up to 3% of the asset value in total.
We would be pleased to prepare for you all documents required for the approval of the financial statements as well as to provide their submission to the Collection of Deeds of the respective Registration Court.
If you are interested in our services or if you like to be provided with more details, please contact our responsible person.
Contact Nela Tisoňová Corporate Lawyer firstname.lastname@example.org