Page 5 - Albanian law on entrepreuners and companies - text with with commentary

Part V - Joint-Stock Companies…………………………………………………. 128
Title I - General Provisions and Formation……………………………………….. 129
Title II – Shares……………………………………………………………………. 138
Title III - Legal Relationships between the Company and the Shareholders…….. 144
Title IV - Company Organs………………………………………………………. 151
Chapter I - General Meeting……………………………………………………………… 153
Chapter II - Board of Directors (One-Tier System)…………………………………… 168
Chapter III - Managing Directors and Supervisory Board (Two-Tier System)…… 180
Title V - Increase of Capital………………………………………………………. 181
Chapter I - General Provisions…………………………………………………………... 182
Chapter II - Increase of Capital by Issuing New Shares……………………………… 184
Chapter III - Limited Capital Increase………………………………………………….. 185
Chapter IV - Authorized Capital…………………………………………………………. 185
Chapter V - Capital Increase from Company Assets………………………………….. 187
Chapter VI - Convertible and Profit Sharing Bonds…………………………………... 187
Title VI - Reduction of Capital …………………………………………………… 188
Chapter I - Ordinary Capital Reduction………………………………………………… 189
Chapter II - Simplified Capital Reduction………………………………………………. 190
Chapter III - Capital Reduction by Withdrawal of Share…………………………….. 190
Title VII – Dissolution…………………………………………………………….. 191

Part VI - Solvent Liquidation……………………………………………………. 193
Title I - Ordinary Solvent Liquidation ……………………………………………. 194
Title II - Summary Liquidation…………………………………………………… 199
Part VII - Groups of Companies………………………………………………… 200
Part VIII - State-Owned Companies……………………………………………. 213

Part IX - Restructuring of Limited Liability and Joint Stock Companies…… 215
Title I – Mergers…………………………………………………………………… 221
Chapter I - Mergers by Acquisition……………………………………………………… 222
Chapter II - Mergers by Formation of a New Company……………………………… 228
Title II – Division………………………………………………………………….. 228
Title III - Transformation ………………………………………………………….. 229

Part X - Transitional and Final Provisions……………………………………... 230

Appendix 1: EU Company Legislation in Force…………………………………. 234
Appendix 2: Corporate Governance Code for Unlisted Joint-Stock Companies.. 237
Appendix 3: Model Statutes……………………………………………………….. 259

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