On June 1, 2012, the most recent amendments to the Commercial Register Act entered into force. They concern the processing of documents.
The main amendment is the instauration of a new 3-days period, during which all irregularities regarding the filled application may be repaired in order to avoid a refusal, issued by the Commercial Register. The instructions on the requirement of amendments or filling of additional documents shall be noted on the commercial entity’s file and regarding newly registered commercial entities – on a particular place for that purpose on the Commercial Register’s web page.
In case of such instructions, for their fulfillment no additional fee is to be paid. An additional fee is to be paid only in case of refusal.
It should be noted that the 3-days period shall be allowed, provided that the irregularities could be repaired by filling additional documents and/or applications.
In case of error in the applications or the documents a refusal is to be pronounced.
After the reception of the documents by the Commercial Registry’s official, on the commercial entity’s file shall be posted the following statement “Waiting for the 3-days period”. It means that after the expiration of said period, the filled application shall be processed.
The newsletter above is intended for information purposes only. It should not be construed as (binding) legal advice. For a thorough understanding of the subjects covered and prior acting on any issue discussed we kindly recommend Readers consult Ilieva, Voutcheva & Co. Law Firm attorneys at law.
Please feel free to circulate the newsletter. To be added to or removed from the newsletter mailing list please send an e-mail to: office@ivlawfirm.com [1].