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We would like to remind you the annual legal obligation to prepare a Report on Relations in the Czech Republic under the Business Corporations Act (the BCA). The obligation to prepare the report is set by law for all companies (controlled entities) that are controlled by another entity or form a part of a group of companies.
The Report on Relations (inter alia):
The Report on Relations shall be prepared by the statutory body of the controlled entity no later than three months after the end of the accounting (financial) period, and shall be reviewed by the company supervisory body (if appointed). The statutory body shall file the Report on Relations with the Collection of Deeds kept by the applicable Registry Court within the period for filing the Financial Statements compiled for the financial period covered by the Report on Relations. If the Financial Statements of the business corporation are audited, the Report on Relations shall be part of the Annual Report.
If your company’s financial year ended on 31 December 2023, the Report on Relations shall be prepared by 31 March 2024.
If the obligation to prepare and file the Report on Relations is breached, the company may face a disciplinary fine of up to CZK 100,000.
If you are interested in our advisory services in the Czech Republic, we will gladly prepare the Report on Relations for you so that it complies with all requirements set out by law, and file it with the Collection of Deeds of the applicable Registry Court.
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and more than 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 50 jurisdictions with nearly 2,500 professionals, we support more than 15,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 200,000 pay slips globally.
