Bearer shares need to be changed to registered shares

Bearer shares need to be changed to registered shares 6
Nov 2018

With amendments to the Bulgarian Commerce Act, which entered into force on 23.10.2018, joint stock companies will not be able to issue bearer shares. Companies that have already issued bearer shares have until 23.07.2019 to amend their Articles of Association and lay down that all shares are registered, to change any bearer shares to registered shares, and to implement a shareholder register. These changes need to submitted for entry in the Commercial Register.

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