Close Ad
von Göler (Hrsg.) / / § 57d

§ 57d Entry of capital reserves and retained earnings

(1) The capital reserves and retained earnings which are to be transformed into share capital must be accounted for in the last annual balance sheet and, if the resolution is based on another balance sheet, also in that balance sheet, as ʻcapital reservesʼ or ʻretained earningsʼ or in the last resolution to appropriate the profit for the year as a transfer to these reserves.

(2) The reserves may not be transformed if the balance sheet on which they are based reports a loss, including a loss carried forward.

(3) Other retained earnings which are intended to serve a specific purpose may be transformed only insofar as this is consistent with their intended purpose.

Information for non-professionals

To Information for legal professionals

Relevance for legal relations

Information for legal professionals

At this moment, a legal commentary is not yet available for this clause. We hope to help you by providing a translation of the wording of the law. Please contact us, if you would like to recommend a highly qualified author.