Joint Stock

This form of company is similar to that of a UK Public Limited Company (PLC) and it is known in the Czech Republic as an "Akciova Spolecnost" - commonly referred to as an "A.S.". Some key points include:

Obliged to issue it's articles of association.
Minimum basic capital is 2m CZK, or 20m CZK if the company is founded through a public offer of shares.
A Supervisory Board is required to ensure activities are conducted in accordance with Czech laws.
Joint stock companies with one shareholder may decide to appoint one member of the board of directors only.

This form of company is most commonly used for larger firms or those wishing to issue shares.

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