30th June which for many Estonian companies is the term for submitting their annual reports is not far way anymore. We remind you that GLIMSTEDT Law Firm is ready to help you in every way in all matters related to the submission or approval of the annual report, including the organization of a general meeting required for the adoption of the decision to approve the annual report, the preparation of the minutes of the meeting or verification of the conformity of net assets (net assets have to form at least one-half of the capital of the company or equal with the minimum capital provided for in law).
We draw your attention also to the fact that since 4th July 2012 the procedure for signing an accounting entities’ annual report has been simplified.
In course of everyday activities it is sometimes forgotten to check whether the terms of office of members of management bodies have to be extended. Insofar as the law allows private limited companies to appoint members of the management board also for an unspecified term, we recommend you to consider whether this amendment is suitable for your company as well.
Furthermore, we remind you that in case the share capital of the company has not yet been converted from Estonian kroons into euros, it would be a good time to do this together with the approval of the annual report. Business consultancy team of GLIMSTEDT Law Firm will help you perform this process quickly and without any difficulties.