Public limited company in Poland, joint-stock company in Poland
Public limited company may be established by one or more persons.
Joint-stock company can not be created by the limited liability company, which has a single shareholder.
The Articles of Association should be made in a form of notarized act (registration in National Court Register).
Together with registration such company receives legal rights.
The start-up capital of public limited company consists of at least 100 000 PLN.
The start-up capital should be divided into shares with equal nominal.
The company is liable with all its assets for their obligations.
The shareholders are not liable for obligations of the company.
The public limited company is represented by the board, the board carries out all the activities of the company.
It consists of one or more members.
The members of the board might be chosen from the shareholders or from beyond that group.
The members of the board are chosen and dismissed by supervisory board unless the articles of association state differently.
Member of the board might be also dismissed by the general meeting of shareholders.