The Parliamentary Justice Committee supported the parliamentary amendments to the government's bill to amend the bill - Code of Civil Procedure and certain other laws (seminent printing no. 45 and 45A). one the effect is to shift by one year to 1 March 2021 - entry into force of the regulations on the Simple Equity Company. This is the consequence of postponement of electronic registration proceedings. These amendments were not prepared at the Ministry of Development.
The Simple Stock Company is a new legal form, which is intended to facilitate in particular the development of start-ups through simplification and electronicisation of procedures, including their registration.
The advantages of PSA will only be possible if appropriate solutions are introduced, tailored to the specificity of this legal form, in the process of its registration in the National Court Register.
Any changes concerning the time limit for the implementation of electronic registration proceedings and other changes to the National Court Register and other laws shall also directly affect the date of placing on the market of the Simple Equity Company.
PSA, as a modern and flexible solution for start-ups, can only be introduced in a modern legal, organisational and technological environment. Amendments to the amendment of the National Court Register Act provide for coordination of changes concerning the National Court Register and PSA.
Simple Stock Company is a new type of company. It is intended to enable Polish innovative entrepreneurs to be able to establish the company more easily than at present and to acquire the capital needed to develop their business.
The establishment of a new legal form, which will be PSA, many entrepreneurs, especially from the start-up industry, are very positive. They expressed this already at the stage of the work on the law which provides for this legal form.
More about PSA
Simple Stock Company is a new type of company. It is intended to enable Polish innovative entrepreneurs to be able to establish the company more easily than at present and to acquire the capital needed to develop their business.
PSA is to combine the characteristics of the company with the company (relatively simple and not costly establishment, operation and liquidation of the company) with the advantages of the public limited company.
The main features of PSA are: no entry barriers (1 PLN start capital); rapid electronic recording (in 24 hours by means of a form, together with the possibility of registration by the "traditional" method; simplification and electronicisation of procedures in the company (including the possibility of adopting resolutions by e-mail or during videoconferencing); simplified electronic register of shareholders, held e.g.
by an investment firm or notary – allow the use of blockchain to keep the register, opening up to state-of-the-art technologies; lack of the status of a public company and associated restrictive obligations – PSA shares will not be listed on the stock exchange, and at the same time will be able to convert PSA into a public limited company to enter the stock exchange; the uncomplicated and flexible structure of the authorities no mandatory supervisory board and the possibility of appointing a board of directors); simplified liquidation of PSA – has been shortened, compared to other companies, the time needed to carry out liquidation, and in addition it will be possible to terminate the company without liquidation – by taking over its assets and liabilities by the shareholder.