What legal requirements must be met before a dividend can be distributed in a Swiss corporation?
Antwort
Under Swiss company law, dividends may only be paid out of net profit for the year and out of reserves created for this purpose (Art. 675 para. 2 CO). Before the board of directors submits a dividend proposal to the general meeting, it must verify that sufficient freely distributable funds are available, that the appropriate financial statements exist as a basis, and that any required review by the statutory auditor has been completed. The general meeting then formally resolves on the distribution.
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.