What is a capital band?
Antwort
A Capital Band allows the board of directors to increase or decrease the company’s share capital within a defined range – without the need to convene a new general meeting for each adjustment. According to Art. 653s–653u CO, the general meeting may authorise the board of directors, for a maximum period of five years, to modify the share capital within such a range. This authorisation must be set out in the articles of association and notarised by a public notary. The upper limit of the Capital Band may not exceed the registered share capital by more than half, and the lower limit may not fall below half of the registered amount. However, the statutory minimum share capital of CHF 100,000.00 for a Swiss corporation (AG) may never be undercut. Within this range, the board of directors may increase or reduce the capital. Each change requires a formal implementation resolution by the board.
Weitere relevante Fragen
Is the Communication Generator free to use?
Yes. The Communication Generator is free to use.
Does every shareholder or member qualify as a beneficial owner?
No. The fact that a company requests information from a shareholder or member does not automatically mean that this person is a beneficial owner. Indirect structures, acting in concert and other means of control may also be relevant.
Does the Communication Generator identify the beneficial owners?
No. The generator supports communication and information gathering. The actual assessment of who qualifies as a beneficial owner and who must be reported to the transparency register takes place afterwards. Konsento’s Transparency Register Reporting Assistant can be used for this assessment.