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One of the changes to be brought up by the new Business Corporation Law (BCL) anticipated to enter into effect on 01 January 2014 will be the obligation of joint-stock companies to establish and operate their website.
The company shall publish its basic identity data (i.e. firm, registered office, corporate Id. No. and information of its entry in the Commercial Register) and many other pieces of information to be notified by publishing on website, and such publishing will often substitute the act of delivery.
For more information on the new obligations, see Section 79, Section 91(1), Section 290 (2), Section 358 (2), Section 362, Section 379 (1), Section 407, Section 406, Section 425, Section 436 (1), Section 636 (1), Section 562 (2) of BCL.
The company shall publish the obligatory information immediately after its formation and then as required, in a manner allowing for remote access free for the public, so that the information is available in a simple manner after entering electronic address (hereinafter referred to as the “website“).
It is also worth mentioning that if a limited liability company has or establishes its website, the provisions on website shall similarly apply and limited liability companies, too, will have a new major package of obligations to fulfill.
As an example, there are some data to be obligatorily published by joint-stock companies “on” or “also on” their websites:
Cooperatives are provided with an option by the law to determine in the approved articles of association that their official boards will be operated through the website. If the cooperative´s articles of association contain such provisions, the invitation to a members´ meeting might be published on the Internet and if published in such way at least 15 days before holding the members´ meeting and remains published until holding the meeting, such invitation is automatically deemed delivered.
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JUDr. Vladimíra Pajerová, Attorney-at-law