In the SBRA’s Business Entities Register, from 7-12 February 2024, forced liquidation proceedings for 3,581 companies were initiated. The competent Registrar issued ex officio the act on the initiation of the forced liquidation proceedings and simultaneously published notices on forced liquidation lasting 60 days, in accordance with Article 547, paragraph 4 of the Company Law.
The Registrar's decisions in paper form were sent by post to the registered addresses of the seats of these companies. The electronic form of the Registrar's decision and the notice on the initiation of forced liquidation proceedings are both published on the Agency's website and can be accessed through the Search by notices for registered entities and the Search by companies, by entering the registration number or business name of the company.
From the day of the publication of the notice of forced liquidation, the company's bodies can continue their work, but the company cannot undertake new business, but only complete the started business, including the settlement of due obligations, as well as payments for the company's current obligations and obligations to employees. During the forced liquidation of the company, no profit share, i.e. dividend, is paid, nor are the assets of the company distributed to the members of the company before the company is deleted from the Register.
From the day of initiation of the forced liquidation proceedings, all judicial and administrative proceedings in relation to the company that is in forced liquidation are terminated. The forced liquidation proceedings can be terminated only if a previous bankruptcy procedure is opened, and in case of rejection of the proposal for the initiation of a bankruptcy procedure, or suspension of the procedure due to withdrawal of the proposal for the initiation of bankruptcy procedure, forced liquidation continues. This procedure is also suspended in case of bankruptcy proceedings. Interrupted judicial and administrative proceedings can be continued even after the deletion of the company from the Register, at the request of the members or creditors of the deleted company.
From the date of publication of the notice on forced liquidation, the company cannot register data changes in the Register of Business Entities or in the Central Register of Mandatory Social Insurance.