Carry out the decision on group contributions, incl. automatic generation of convocation protocols, dispatch, signing and registration in the shareholder book’s transaction log.
The group contribution is decided by the general meeting within the framework of the board’s proposal
The group contribution is decided by the general meeting, cf. Section 8-5 of the Companies Act, cf. Section 8-2 (1). It cannot be decided to distribute a higher group contribution than the board has proposed or accepts. It is therefore important that there is a board protocol that proposes a group contribution that is at least as high as that approved by the general meeting.
The general meeting can authorize the board
The general meeting can, after it has approved the annual accounts for the last financial year, authorize the board to make group contributions on the basis of the company’s annual accounts, cf. Section 8-5 of the Companies Act, cf. Section 8‑2 (2). The power of attorney cannot apply for a longer period of time than until the next ordinary general meeting. The power of attorney cannot be used until it is registered in the Brønnøysund registers.
Customize the decision
- State whether the decision on group contributions is to be made by the board pursuant to a power of attorney or by the general meeting
- State which company will receive group contributions (direct lookup against the Brønnøysund registers to make it easy for you)
- Enter the amount for the group contribution and how it is settled
The group contribution must not be registered in the Brønnøysund registers. However, it is an advantage to register it in dCompany’s transaction log, so that you can more easily find out what happened later.
Good to know
- On dCompany’s platform, you can also easily decide that the general meeting should authorize the board to decide on group contributions.
- Decisions about group contributions can be easily registered in the transaction log in the shareholder book to ensure you have a full overview for later
Fantastic product with great utility. Carried out a share split quickly and easily. The digital shareholder book is very useful for me vis-à-vis all the portfolio companies.
Erik Rian Johannessen