General Assembly and Anti-Covid-19 Measures in Croatia
General Assembly and Anti-Covid-19 Measures in Croatia
Companies usually hold their general assemblies at the end of the first quarter of a given year, among other in order to inform the stockholders/shareholders about financial aspects of the company’s operations by way of presentation of annual financial statements. However, given the current global COVID-19 pandemic and strict national measures introduced with the aim of combating the further spread of the virus, the holding of (mostly already convened) general assemblies has been severely hindered, and their postponement is being increasingly considered. As a result of postponement of the general assembly, the stockholders will temporarily be prevented from passing resolutions concerning the use of the company’s profit and payment of dividends. Failure to hold a shareholders’ meeting in limited liability companies leads to the potential inability of such companies to comply with their obligations laid down in accounting laws and regulations.
DTB has prepared an overview of possible options for postponement as well as ways of holding general assemblies during anti-Covid-19 measures. For more information, please download the enclosed article.
Companies usually hold their general assemblies at the end of the first quarter of a given year, among other in order to inform the stockholders/shareholders about financial aspects of the company’s operations by way of presentation of annual financial statements. However, given the current global COVID-19 pandemic and strict national measures introduced with the aim of combating the further spread of the virus, the holding of (mostly already convened) general assemblies has been severely hindered, and their postponement is being increasingly considered. As a result of postponement of the general assembly, the stockholders will temporarily be prevented from passing resolutions concerning the use of the company’s profit and payment of dividends. Failure to hold a shareholders’ meeting in limited liability companies leads to the potential inability of such companies to comply with their obligations laid down in accounting laws and regulations.
DTB has prepared an overview of possible options for postponement as well as ways of holding general assemblies during anti-Covid-19 measures. For more information, please download the enclosed article.
