Can share classes be created?

Yes, by the charter; shares of one class carry identical rights and the same nominal value.

What majority changes a class right?

The consent of at least a three quarters majority of the votes of that class, unless the charter adopted unanimously provides otherwise.

How much must a share be paid up?

At least twenty five percent of the nominal value at the moment of placement.

What is the period for a non cash contribution?

Five years from the decision on the capital increase.

Series A Documentation in Georgia

What Series A Documentation Covers

The Series A stage means a significant investment entry, which legally translates into creating new classes of shares, increasing capital and reshaping the relations between shareholders. The service on this page is governed by Articles 135, 136, 137 and 164 of the Law on Entrepreneurial Societies. We prepare the draft charter amendment on share classes, the issue and preemptive purchase decisions, and provide the full documentation of the capital increase, so that the investor's entry proceeds as a lawful and transparent process.