Recent difficulties faced by the National Trade Register Office (ONRC) Recent difficulties in the activities of the National Trade Register Office (ONRC), caused by implementing changes to the IT infrastructure as part of the digitalization process, as well as the European Union’s legislative initiatives to extend the use of digital tools in corporate law, have...
The articles of incorporation may be amended by a resolution of the general meeting or of the Board of Directors, respectively the management board, or by the decision of the court. The authentic form of the amending instrument adopted by the shareholders is mandatory when it concerns: • Increase of the share capital by subscription...
About Foreign Participation Companies – Formation, Legal Personality, Nationality When considering the formation of a foreign participation company, we are referring to the same rules that apply to Romanian nationality companies. However, there are some specific aspects worth mentioning: The articles of incorporation, serving the same well-known purpose for Romanian companies, are, of course, essential...
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