ARTICLE · 01 SEPTEMBER 2009

Simplified Procedure For Increasing Share Capital

CMS Cameron McKenna Nabarro Olswang

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Companies can now increase their share capital without having to obtain an expert valuation of non-monetary contributions.

Czech RepublicCorporate/Commercial Law

Ivana Fára

Richard Baček

Companies can now increase their share capital without having to obtain an expert valuation of non-monetary contributions.

This can be done as long as:

the contributions are valued in another way (by an independent expert, in the audited accounts or the financial instrument's weighted average market price), and
the decision not to obtain an expert valuation is approved by the company's board or other statutory body

The change was introduced on 20 July 2009 as part of substantial changes to the Commercial Code.

Law: Act no. 513/1992 Coll., the Commercial Code

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