Abolition of all restrictions in capital and nominal value of shares in LTDs

Law 4156/2013 (Government’s Gazette Α 122/31-05-2013), article 3, paragraphs 9 and 10, replaced paragraphs 1 and 2 of article 4 of Law 3190/1955 on LTD’s as follows:

1. The capital of the limited liability company is determined by the partners without any limitation. Any provision on minimum paid up capital of the company is abolished.

2. Every partner participates in the company with only one participation share and with more company shares, which form the partner’s participation share, if the partner’s contribution is a multiple of the minimum amount of the participation share according to the articles of association.