SE Centre of Registers

LEGAL ENTITY: Agricultural company

LEGAL REGULATION

The Law on Agricultural Companies
The Civil Code of the Republic of Lithuania (Book Two)

ESTABLISHMENT

The articles of association of the company are drawn up. The company must have at least two members;
The founders may submit to the Register of Legal Entities an application (form JAR-5) for temporary inclusion of the name into the Register;
Unit contributions are paid according to the procedure laid down in the articles of association;
The constituent meeting is convened which must approve the minimum amount of unit contribution, adopt the statutes of the company, elect members of the bodies of the company and elect the audit committee (inspector);
The company is deemed to have been established upon registration thereof with the Register of Legal Entities.

REGISTRATION

Before the application for registration of the agricultural company is submitted to the Administrator of the Register, the civil law notary must verify the correctness of the particulars entered into the application, the compliance of the statutes with the statutory requirements and the fact that the agricultural company is eligible for registration.

Documents to be submitted to the State Enterprise Centre of Registers:

The statutes

The instrument of incorporation

The list of company members

Minutes of the constituent meeting

Form JAR-1
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