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From the magazine SZW-RSDA 5/2022 | S. 430-439 The following page is 430

Aktienrechtsrevision und Handelsregister

The biggest change in registration is probably the move away from registration as an anti-proxy transaction by introducing various proxy options. With the revision of stock corporation law, the documentary evidence principle was retained in principle. Pursuant to Art. 937 of the Swiss Code of Obligations, the Commercial Registry Office must verify, both at the time of incorporation and in the event of a subsequent change of currency, that there is an equivalent value of at least 100,000 Swiss francs, that the exchange rate corresponds to the daily rate indicated in the public deed, that a permissible currency has been chosen, that there is no hidden capital increase or capital reduction when the currency has changed, and that all provisions of the articles of incorporation concerning the share capital have been adjusted. The Articles of Association of the Company must regulate the modalities of the electronic General Meeting. If there is no basis for this in the Articles of…

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