L&P: Since the law requires that th

L&P: Since the law requires that the first share capital for the company establishment shall not be less than 25% of the par value, the confirmation that the share capital payment is still pending is therefore not comply with the law. Further, according to the corporate documents of all entities, the director has signed a receipt confirming the 100% share capital contribution. Both documents are contradicting and may create personal liabilities against the director.

L & P: Since the law requires that the first share capital for the company establishment shall not be less than 25% of the par value, the confirmation that the share capital payment is still pending is therefore not comply with the law. Further, according to the corporate documents of all entities, the director has signed a receipt confirming the 100% share capital contribution. Both documents are contradicting and may create personal liabilities against the director.

L & P: Since the law requires that the first share capital for the company establishment shall not be less than 25% of the. Par value the confirmation, that the share capital payment is still pending is therefore not comply with the law, Further,. According to the corporate documents of all entities the director, has signed a receipt confirming the 100% share capital. Contribution.Both documents are contradicting and may create personal liabilities against the director.