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Why submit the documents to the Collection of Deeds in Czech Republic? | Legal Alert

24 Jun 2014

Natural and legal persons registered in the Commercial Register are obliged to submit to the Collection of Deeds held by the competent Court the documents specified by law, state certain data on  their business papers and in some cases publish on  their websites information required by law.

Why submit the documents to the Collection of Deeds?

From January 1, 2014 maximum amount of disciplinary penalty which the courts may impose on a person who fails to fulfill the above obligations was increased up to the amount of CZK 100,000. In the case of repeated non-compliance, the court may initiate proceedings on its liquidation.

Persons registered in the Commercial Register typically do not store in the Collection of Deeds the reports on relations between related parties and the full version of the Memorandum / Articles of Association after the adoption of their amendments. Joint-stock companies do not set up a websites and do not release the information required by law.

We therefore recommend inspecting the documents stored in the Collection of Deeds and published them on websites and if the statutory obligations are not fulfilled ensure their publication.

 

Download – Why submit the documents to the Collection of Deeds? (Legal Alert)

 

Contact: 
Mgr. Jan Roub
Legal Director
jan.roub@accace.com
Tel.: +420 606 086 191

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Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

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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. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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