One of our customers wanted to know at what moment the resignation of a member of the board has legal effects. In addition, he wanted to know whether there is a statutory time limit for the notification of such a change in the national commercial register. In the first of the issues it should be noted the mandate expire upon the delivery of the company or the competent authorities of the resignation, unless its content shows that the resignation takes place with the advent of a future.

The time limit for the notification of such fact us designates the Law of National Court Register. In the article. 22 the above Act states that an application for entry in the register shall be filed not later than within 7 days from the date of the event which justifies the entry, unless a special law provides otherwise.

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