Capital Increase with Non-Monetary Contributions: A Simple Guide

Increasing the capital in a company is a crucial strategy for growth and development. At Shelf Maker AS, we offer assistance with capital increases after purchasing a shelving company. Here's a simple guide on how capital increase with non-monetary contributions works.

What is Capital Increase with Non-Monetary Contributions?

Capital increase with non-monetary contributions involves increasing the company's capital by contributing assets other than cash. These can be valuable assets such as machinery, inventory, or other resources.

The Step-by-Step Process:

1. Preparation:

First, the company's board of directors prepares for the capital increase. This includes assessing the value of the assets to be contributed.

2. Board Meeting:

The board convenes a meeting to discuss and approve the proposal for capital increase with non-monetary contributions.

3. Board's Statement:

The board must prepare a statement describing the contributed assets and confirming that they have a value at least equal to the agreed consideration.

4. Valuation:

The assets are to be valued at fair value, unless otherwise specified in the accounting law.

5. Auditor's Confirmation:

An auditor must confirm the board's statement regarding the valuation of the assets.

6. Notice of General Meeting:

The board calls for a general meeting where the capital increase will be decided by the shareholders.

7. Decision and Minutes:

The general meeting decides to increase the share capital, and this is recorded in the minutes of the general meeting.

8. Amendment of Articles of Association:

Any changes to the articles of association must be announced and documented.

9. Subscription of Shares:

Shareholders subscribe to the new shares according to the decision of the general meeting.

10. Auditor's Confirmation of Received Share Capital:

The auditor confirms that the company has received the new share capital contributions.

11. Notification to the Companies Register:

The capital increase and all relevant documents must be notified to the Companies Register.

12. Registration:

Once the notification is sent and everything is in order, the capital increase is registered in the Companies Register.

In Conclusion:

Capital increase with non-monetary contributions can be an effective way to strengthen the company's capital. At Shelf Maker AS, we are ready to assist you through this process after you have purchased a shelving company from us. Feel free to contact us for more information or assistance!