New amendment speeds up civil organisation procedures

Based on the amendment of the acts on the civil organisation procedures entered into force on 1 March 2017, registration procedures of civil organisations will be speeded up. According to the amendment, if, in simplified procedures, the court does not meet its obligation to render its decision 30 days after the expiry of the deadline prescribed by the law, the requested data of the organization shall be registered by the operation of law automatically.

Deadline for the obligatory increase of registered capital of limited liability companies is here

In order to comply with the provisions of the new Hungarian Civil Code, limited liability companies (Kft.) shall increase the amount of their registered capital up to HUF 3 million. The deadline for adjusting the articles of association in this respect is 15 March 2017, thus, the application for registration of the amendment shall be submitted to the competent court of registration before 14 April 2017 at the latest.