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Contact usGlossary – C
Central credit register
The Central Credit Register (CCR) is an information system that pools information on the credit commitments of individual entrepreneurs and legal entities, and facilitates the efficient exchange of this information between CCR participants.
CCR participants are all the banks and branches of fore…
Certificated share
Share in the form of a document.
Share certificate is a security and should be protected against counterfeiting. Share certificate must also include the serial number and the signature of a member or members of the Board who are authorized to act on behalf of the company to the issue date. The d…
Commercial Register
Commercial Register is a public list containing the statutory information concerning the business or organizational units of the companies for which it is required by law.
Commercial Register is kept by a court appointed by special law (commercial court).
Commercial Register is a public list …
Company registered office
The company registered office is the address of any company registered as a company seat in the Commercial Register.
In case of change of the company registered office, the change is effective only from the date of the entry in the Commercial Register.
Concern - holding-type group
Concern arises as a formal grouping of autonomous entities, some of which are in spite of their legal personality subordinate to another subject so that the group acts as a centralized entity comprising a single organization and unity of management.
Concern is defined by Commercial Code § 66a, p…
Cooperative
Community of non-restricted number of people.
The cooperative is a community of non-restricted number of people which was founded for the purpose of securing business or social, economic or other needs of its members. (eg housing association, credit union).