This institute allows overtaking deposits for the company prior to its incorporation
The administrator of deposits is:
- one of the founders (mentioned in the founding document)
- or bank (only cash deposits, under contract from the bank)
Administrator's duties:
- require the transfer of deposits that must be paid before the incorporation of the company
- proper governance
- provide a written declaration of repayment of deposits by shareholders for the purpose of registration in Commercial Register
- transfer investment contributions
