Merger between a parent company and a subsidiary company of co-operatives
Last updated: 11 November 2021.
Merger between a parent company and a subsidiary company must be reported in two steps to the Register of Business Enterprises.
The process consists of a decision to merge and the implementation of the merger.
Within one month after the date when the companies in question approve the merger plan, the Register of Business Enterprises must be notified of the decision. When the last company approves the merger plan, the one-month time limit starts running.
The following documents must be attached
The acquired subsidiary company has to attach
- the minutes from the board meeting showing the approval of the merger plan
The acquiring parent company has to attach
- the minutes from the board meeting showing the approval of the merger plan
After the registration of the decision, and when the creditor time limit has passed, it is possible to implement the merger. There is no time limit to notifying the Register of Business Enterprises of the implementation.
The following documents must be attached
There are no required attachments