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The company registration number is the unique identifier of the company. A company registration number in the format BS-CF-NNNNNN consists of three distinct parts:
BS is the two-digit serial number of the court registering the company,
CF is a two-digit indicator of the company form,
NNNNNNNN is the six-digit serial number issued by the court that keeps the register of companies.
A company certificate is a document containing the information required by law for the company in the register of companies. Free company certificates do not always contain up-to-date company information, so in certain situations it is necessary to obtain a certified company certificate.
The involvement of a lawyer is essential in company proceedings. Legal representation is mandatory in proceedings before the court of registration, such as registration of a company or registration of a change of name.
When setting up a limited liability company, no duty or publication fee is payable. In other company registration or change registration procedures, a procedural fee and publication fee may be payable before the application is submitted.
The right to register a company is the right to represent the company in writing and to sign on behalf of the company. The way of registering a company can only be stand-alone or joint.
When choosing a name, three basic conditions must be met: name uniqueness, name validity and name stability.
Name exclusivity means that only a name can be chosen which does not allow the company to be confused with another legal entity previously registered. Name validity means that the name chosen must not give the impression of being false, and the name must indicate the type or form of the legal person. The essence of name validity is that, if the name contains the type of legal person and its activity, these must be indicated in Hungarian, according to the rules of Hungarian spelling.
The application for registration must be submitted electronically to the court of the court of the place of establishment within 30 days of the signing of the instrument of incorporation. Legal representation is mandatory in the company procedure, so a legal representative must be authorised to submit the application for registration.
The court of registration typically registers the LLC established using the model contract within one working day of the application (simplified procedure).
Notification of company changes, change registrations and changes in company data to the competent court of the company's domicile. Such changes may include, among others, a change of registered office, a change of managing director or a change of member.
Changes in the company must be notified to the court within 30 days of the change.
Yes, legal representation is mandatory when registering a change.
Liquidation is a possible form of dissolution without legal succession, provided the company is not insolvent.
There are two main types of winding-up proceedings: simplified and general. The main differences between them lie in the length of the procedure, the decisions taken and the costs involved.
The liquidation can be decided by the company's supreme body (e.g. the general meeting in the case of a limited liability company).
From the date of the commencement of the winding-up, the liquidator shall be the chief executive officer or legal representative of the company. The liquidator is responsible for ensuring that the liquidation is successfully completed and that the company complies with all its legal obligations during the process.
