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Public limited company / Joint stock corporation / Incorporated company
Public limited company May be established by one or more persons.
It cannot be established only by one-person private limited company.
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.
For its obligations the company is responsible with whole assets.
The shareholders do not assume liability for company’s obligations.
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.
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