Cesiune parti sociale S.R.L.

SELLING COMPANY SHARES

An associate may enter or exit a company through the procedure called assignment of social shares. This procedure lasts 45 days and is carried out in two stages at the competent Trade Registry.

WHAT ARE THE DOCUMENTS REQUIRED FOR THE SOCIAL PARTY PROCEDURE?

     First phase

1. Registration form - form you will find in at the Trade Registry (typified).
2. The decision of the Single Associate or the Decision of the General Assembly of the Associates as the case may be, depending on the number of associates. The second stage (it will be submitted after 30 days from the publication in the Official).

1. Application form for registering the mention at the Trade Registry.
2. The declarations of the new associates that they can be associates given to the Notary.
3. Assignment contracts for selling the shares.
4. Assignment contracts for social partners.
5. Decision of the sole share holder or the Decision of the general meeting of the associates by which it is decided to transfer the social shares.
6. Identity cards of new associates - in copy.

SUBMISSION OF THE FILE TO THE TRADE REGISTRY

The last step is the easiest. The documents will be registered in a file at the competent Trade Registry depending on the company headquarters.

45 days after submitting the documentation related to the first stage, the second stage will be submitted to the Trade Registry.