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Rights and obligations
Rights and obligations of members of private limited companies
Rights of members
Right to a share in the profits;
Right to participate in members´ resolutions;
Right to obtain information on the life of the company;
Right to be appointed to company bodies and supervisory bodies;
Special rights established in the articles of association, which entitle one or more members to special benefits which are not made available to the others.
Profit sharing
Obligations of members
Obligation to provide capital contributions for the initial share capital, usually through the payment of a certain amount of money at the time of incorporation;
Obligation to share in the company’s losses pro- rata to the value of the share capital represented by the relevant quota interests;
As provided for in the articles of association, the members may be required to make ancillary or supplementary contributions or provide loans to the company.
Resolutions of members
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Companies
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Rights and obligations