Company law, i.e. company law Hungary, in a narrow sense of the term covers the rules of procedure related to incorporation of companies and registration of the changes in their operations, as well as their supervision by the court of registry.
Business associations are incorporated by their registration into the company register and – unless their operations are terminated at this point – they should meet numerous other obligations under corporate law, company law, labour law, etc. The company manager responsible for the company may prevent much inconvenience if he or she keeps the records required by statutory rules of operation (e.g. invitations to and minutes drawn up on general meetings or members’ meetings; register of resolutions; administration related to employees, etc.) and complies with his or her reporting obligation towards the court of registry in due course.
Administration of affairs related to company procedures and judicial supervisory over the company belong to the scope of authority of the court of registry of the tribunal competent at the company’s registered seat. Representation of the company in the procedure may only be performed by a representative duly authorized under company law Hungary. A legal representative may be a legal counsel employed by the company or a duly authorized attorney-at-law. By virtue of his/her position, a legal counsel is authorized to represent the company under company law Hungary. However, in default of a legal counsel, the company’s executive officer (e.g. managing director, general manager, etc.) may authorize an attorney-at-law to represent the company in form of a power of attorney.
Our law office provides comprehensive company representation services to its clients. In particular, we undertake, including but not limited to, drafting and administering legal documents related to operations; deadline monitoring; compliance with reporting and other obligations under company law Hungary; drafting and enforcing rules and regulations; due diligence of companies; drafting and commenting business contracts and agreements.
If you have any questions relating to company law and company representation, you may contact our office also via our online consultancy system.
