The draft bill of another special act aimed at counteracting the economic effects of the coronavirus epidemic assumes a two-month postponement of the obligatory dematerialisation of shares. According to the planned solutions, the paper share documents are to expire on 1 March 2021, instead of 1 January 2021.
In connection with the coronavirus epidemic and the implemented aid solutions for companies affected by the pandemic, the government decided to postpone the deadlines for the shares` dematerialization in non-public companies.
Share dematerialization – new deadlines:
The regulations introduced as part of the anti-crisis shield amend only the deadlines for the digitisation of shares, while the rules for its implementation remain the same. The obligation to dematerialise shares was introduced by the Act of 6 September 2019 amending the provisions of the Commercial Companies Code.
Business law – see how we can help: