Amendments to the Companies Act of Republic of Srpska

The Act on Amendments to the Companies Act (“Act”) was published in the “Official Gazette of RS”, number 100/17 on 3 November 2017. The Act enters into force on 10 November 2017.

The most important changes introduced by the Act are as follows:

• It is explicitly regulated that the share capital of each company type can be increased by converting creditor’s receivables into company shares, without any limitations in regard to the share capital amount, in accordance with the law which regulates the restructuring and reorganizational process of the debtor in bankruptcy proceedings;

• Increase of share capital of a limited liability company, open and closed joint stock company by converting tax debt into company shares, is prohibited.
  

Contacts:

In case of any additional questions, please do not hesitate to contact us:

Haris Jašarević
Manager
Tax, Legal Practice
T: +387 (0)33 277 560
M: +387 (0)61 161 102
hjasarevic@deloittece.com

Emir Ibišević
Senior Manager
Tax, Legal & BPS Services
T: +387 (0)33 277 560
M: +387 (0)61 396 047
eibisevic@deloittece.com