Swiss Company Registration Service
Hotline: 86-755-82143422 Email: anitayao@citilinkia.com
The stock company (AG) has a separate legal entity with its own right and name. The capital of the AG is divided into shares, meaning that the shareholders (owners) can exercise their rights at the annual General Shareholder´s Meeting. The Board of Directors, together with the executive officers appointed by the board, is exclusively responsible for the management of the stock company.
Swiss Joint-Stock Company (AG)Registration-Share capital
The minimum share capital of a stock company is CHF 100,000 which can be divided into registered or bearer shares. However, the nominal value must be equal to or above CHF 0.01. Upon the formation of the company a minimum of CHF 50,000 need to be paid in full.
Swiss Joint-Stock Company (AG)Registration-The governing bodies of the corporation
The three governing bodies of a stock company are:
the General Shareholder´s Meeting
the Board of Directors
the auditors
The General Shareholder´s Meeting is the supreme governing body, authorized to alter the Articles of Association, to approve the annual accounts and financial statements, distribute the profits and discharge the directors. It furthermore elects the two remaining bodies, the Board of Directors and the auditors.
The Board of Directors is concerned with its untransferable and inalienable duties, the management of the stock company.
The auditor´s responsibility is to insure that the annual financial statements, the consolidated statements and the accounts as well as the distribution of the profit is in conformity with the Articles of Association and the law. If the corporation exceeds two of the following three criteria within two consecutive fiscal years, an ordinary audit is required:
balance sheet total of CHF 10 million
turnover of CHF 20 million
yearly average of 50 full time positions
Otherwise, only a limited audit, which is less extensive, is required. A company with less than 10 full-time positions can even refrain from an audit.
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