Joint-stock company
What is a joint-stock company?
A joint-stock company is a capital company whose share capital amounts to at least PLN 100,000 and is divided into shares with a nominal value of not less than PLN 0.01 each. A joint-stock company is formed upon registration in the National Court Register (KRS). Upon registration, it acquires legal personality and succeeds to the rights and obligations of the joint-stock company in organisation.The company itself is liable for its obligations with all of its assets, while shareholders, as a rule, are not personally liable for the company’s obligations.Its corporate bodies are the management board, the supervisory board and the general meeting of shareholders.
Legal basis: Article 301 et seq. KSH, in particular Articles 306, 308, 323, 368, 381 and 393.
Learn more about our corporate law practice. Please contact us for further information.
Get in touch