Members of the management board

Afrinrubi

Otherwise, the deadlines for making contributions are determined by the management board. The Ministry of Development's guide to a simple Commercial Companies Code: The contributions should be made to the company in full within three years from the date of entry of the Significant overstatement of the value of the non-cash contribution to a simple joint-stock company If the value of the non-cash contribution allocated to the share capital has been significantly overstated in relation to its fair value on the day of taking up the shar.

The shareholder who made such a contribution is obliged to compensate the company for the missing value.  are jointly and severally liable with the shareholder, unless they are not at fault. The shareholder phone number list and management board members cannot be released from this obligation cf. art. Commercial Companies Code . The above provision applies only to non-monetary contributions contributions in kind . This provision is the equivalent of Art.



Of the Commercial Companies Code and in accordance with the case law. The content of the obligation specified in Art. of the Commercial Companies Code is to compensate for the missing value of the non-cash contribution, which is the responsibility of the entity making the contribution in kind, regardless of the possibility of attributing fault to it. However, with respect to members of the management board, the provision provides for their liability only in a situation where they reported the increase in the share capital to the register, knowing that the value of the contributions had been significantly overstated cf. Judgment of the Court of Appeal in Warsaw of September , , ref. no. act VI ACa.