Nullity may be declared by a court (without proposal) for the following reasons:
- Absence of a social contract, memorandum of agreement or articles of association or not respected their required form
- Real scope of business is illegal, or contrary to public policy
- The social contract, memorandum of agreement or articles of association do not contain information about the company or the shareholders or the amount of share capital (if it is prescribed by law) or info on the scope of business
- Minimum repayment of deposits was not observed
- All the founders are incapacitated
- Number of founders is contrary to the law (sole)
By this decision, the company enters into liquidation, such decision is entered in the Commercial Register and published in the Business Journal. The legal relationships into which this company has entered is not invalidated and are therefore valid.
After the establishment of the company, the decision to authorize the company's registration in the Commercial Register cannot be annulled, and it cannot be claimed that the company has not been established.