The reduction of share capital represents a way to adjust the share capital to the constraints of a deficit financial situation or to the narrowing of the company’s object of activity. Companies usually turn to share capital reductions when they face significant financial losses for an extended period. Therefore, a decrease in share capital can...
The permanent cessation of a company’s activities, particularly in the case of a limited liability company (SRL) where the associates or sole associate approve the resolution for dissolution, involves a two-stage process spread over a considerable period. Specifically, closing a company (SRL) involves dissolution, liquidation, and removal from the Commercial Registry records. According to Article...
By GEO no.42/2023 for the modification and completion of Law no. 367/2022 on social dialogue and Law no. 53/2003 (Labour Code), published in the Official Monitor no. 459 of 25 May 2023, a series of modifications and additions were made to these normative acts. These new amendments harmonise the legislative framework for employment relations and...
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