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Romanian Companies

In: Business and Management

Submitted By blablabla01
Words 581
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Limited Liability Company (Societate cu Raspundere Limitata) A limited liability company is a corporation established by maximum 50 associates. The business relies upon the foundation documents. The registered capital of a limited liability company cannot be less than 200 RON. The registered share capital of a limited liability company is usually split into social parts/shares, with a registered value of minimum 10 RON. The law forbids the shares of these corporations to be involved for loans or other banking operations. Shares cannot be freely exchanged, making limited liability companies, more or less, like private companies in other countries.

Limited liability companies may very well be constituted by only one individual.

The law stipulates that resolutions are made by mainstream ballot in the General Meeting of Shareholders (each share represents one vote). Decisions involving adjustments in the articles of association have to be accepted by all shareholders, if the documents do not mention otherwise. Minimum one Manager is assigned in the articles of association contract, the same person who is responsible for the management of the company.

Nowadays most of the Romanian corporations, regardless of the nationality of their owners, are limited liability companies SRL. |

Joint Stock Company (Societate pe Actiuni)
A joint stock company is a limited liability corporation (legal person) with registered capital of a minimum of 25.000 EUR or the equivalent of 90.000 RON and with at least two shareholders. Shares could be nominative shares or bearer shares and can be freely traded or pledged. A joint stock company may be set up privately or by public subscription.
General Partnership (Societate in Nume Colectiv)
A general partnership is a company with unlimited liability from behalf of the partners. According to the Romanian Law, it is a legal person...

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