What is a participation certificate under Swiss company law?
Antwort
A participation certificate is an equity security issued in exchange for a contribution, carrying a nominal value, which gives the holder a stake in the company’s success without granting a voting right (Art. 656a para. 1 CO). It is often described as a non-voting share, because the provisions of company law apply to it by analogy under Art. 656a para. 2 CO.
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.