Ways to cancel
Voluntary - by agreement of all shareholders or by the decision of the body of the company (dissociation decision) - these may cancel their decision until the liquidation balance has been started (the date of effect of such decision the role of the liquidator ends; the company has to prepare interim financial statements)
Forced - by decision of the court (on a proposal of the body or person with a first interest, regional courts)
- inactivity - no general meeting has been held in the past 2 years, or no statutory bodies of the company whose terms of office ended more than one year ago have been elected in the last year, or the company does not carry out activities for more than two years
- loss of business authorization
- the disappearance of the prerequisites required by the law for the company establishment or the company cannot be perform business for insurmountable conflicts between shareholders
- violation of the obligation to create RF
- violation of the obligation to pursue business activity through the natural persons specially authorized
- breach of the obligation to sell part of the business or to divide it imposed by the competition authority
- bankruptcy - see here above (if a bankruptcy petition is rejected for a reason other than for lack of property, the company is not cancelled, if the bankruptcy is determined, the liquidation will be carried out)
- the court shall set a time limit for the removal of the ground of revocation if removal is possible
The company is cancelled as of the date of the deletion from the Commercial Register (similar to its origin - registration in the OR).
