Publication date: 15.05.2024
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Authorized capital is the amount of funds that a company is required to have at the time of its creation or registration. This amount is indicated in the founding documents of the company (charter, founding agreement) and is reflected in the authorized capital of the company.
The authorized capital can be divided into shares or shares, depending on the form of ownership of the company (for example, a joint-stock company or a limited liability company). This amount is fixed and can be changed only if the procedure for changing the company's charter (constitutional documents) is carried out.
The authorized capital reflects the financial security of the company and can be used as an indicator of its financial stability and value. In addition, in many countries, a minimum amount of authorized capital may be set by law or regulatory authorities as one of the requirements for company registration.
Changing the size of the authorized capital is an important procedure that can be performed under certain conditions and in accordance with the requirements of the law and the founding documents of the company. Here are some steps that are often required to change the size of the share capital:
1. Preparation of documents. Prepare the necessary documents, in particular, the decision of the founders or the decision of the general meeting of the company's participants, regarding the change in the size of the authorized capital. It is also necessary to prepare an application to change the company's founding documents.
2. Submission of documents to the registrar. After preparing the documents, submit them to the relevant registrar. Ukraine has the State Registration Service of Ukraine, which is responsible for the state registration of legal entities.
3.Payment of the state fee. A state fee must be paid for the submission of documents for the registration of a change in the size of the authorized capital. The amount of the fee is determined according to the relevant tariffs.
4. Change registration, registration actions. After submitting the documents and paying the fee, the registrar will check them and, if all the requirements are met, will register the change in the size of the company's authorized capital.
5. Update of the company's internal documents. After receiving confirmation of registration of the change, update the company's internal documents, such as the articles of association or memorandum of association, to reflect the new share capital amount.
These steps are general and may vary depending on the specific circumstances and type of company. It is recommended to contact a lawyer or corporate law consultant for detailed information and support in the matter of changing the authorized capital.
For state registration of changes to information on the size of the authorized capital, the size of shares in the authorized capital or the composition of participants of a limited liability company, a company with additional liability in Ukraine, the following documents must be submitted:
1. Application for state registration of changes to information about a legal entity.
2. Document on the payment of the administrative fee.
3.One of the following relevant documents:
a) Decision of the general meeting of the members of the Society;
b) Application for membership or withdrawal from the Company;
c) Act of acceptance and transfer of a share (part of a share) in the authorized capital;
d) Court decisions, if available;
The structure of ownership according to the form and content determined in accordance with the legislation.
This is a general description of the documents that must be submitted for registration of changes in information on the size of the authorized capital and the composition of the company's participants in Ukraine. Please note that in addition to the main documents, there may be requirements for additional materials or information. It is recommended to refer to the relevant regulations and to consult with a lawyer or a specialist in corporate law for specific advice in your case.
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