Page 233 - Albanian law on entrepreuners and companies - text with with commentary

law all companies shall have to comply with the provisions of Law No. 9901 of 14 April 2008
on Entrepreneurs and Companies, as amended.
Art. 40 of the Law 129/2014 reads as follows:

Article 40
Final and Transitory Provisions
(1) Upon entry into force of the present law, no commercial company shall be
dissolved on grounds of failure to comply with the provision of Article 230 of Law No.
9901 dated 14.4.2008 on Entrepreneurs and Commercial Companies, amended.
(2) Companies registered with the commercial register before the 20.05.2008 that
have not approved the necessary amendments to bring their statutes in line with the
provisions of Law No. 9901 dated 14.4.2008 on Entrepreneurs and Commercial
Companies, amended, within 20.05.2011, are obliged, not later than 3 months after the
entry into force of this law, to:
a) Approve any amendments to the provisions of their statute in order to align it
with the requirements of Law No. 9901 dated 14.4.2008 on Entrepreneurs and
Commercial Companies, as amended, and
b) Register these amendments with the National Registration Centre in accordance
with Law No. 9723, dated 03.05.2007 on the National Registration Centre, as amended
(3) Failure to take necessary actions pursuant to paragraph 2 of this Article within
the respective deadline shall be an administrative contravention by breaching companies
and shall be fined with 30,000 Lekë. The fine shall be applied and collected pursuant to
Law No. 9723, dated 03.05.2007 on the National Registration Centre, as amended. The
National Registration Centre shall discontinue services to the respective breaching
companies, until the actions under letters a) or b) of paragraph 2 of this Article are
completed, and the fine is paid.
(4) The above three months term is a term for compliance with the registration
obligation as per paragraph 2 above, and in no case may be used as a reason for
incomplete fulfilment of the provisions of Law 9901 dated 14.04.2008 on Entrepreneurs
and Commercial Companies.
(5) National Registration Centre is hereby in charged to immediately start and
maintain information campaigns, until the termination of the deadline of paragraph 2,
in its website as well as in the premises of its central and secondary desks, in order to
inform the public for the compliance with these transitory provisions.

These are the repealed Articles; Article 230 and 231 for reference.

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