Law no. 102/2020 for the amendment and completion of Law no. 31/1990 on commercial companies

This act introduces some important changes, which enter into force on July 5, 2020, the date of entry into force of the act, as follows:

  • A natural person may be a sole shareholder in several limited liability companies; the same provisions apply to legal persons, limited liability companies, even if they have sole shareholder, a natural person;

– The conditions regarding the area or number of companies that can operate in a registered office have been eliminated;

– Elimination of the approval of the Owners’ Association for companies that do not carry out activity at the headquarters and its replacement with a statement on the own responsibility of the administrator.

Within 60 days from the date of entry into force, the Government will review the submitted amendments. by methodological norms of application.