The dematerialisation of shares of the private (non-public) joint-stock company “de lege ferenda”

Abstract

On February 5, 2018, the Government Legislation Centre published another version of the bill on the amendment of the Commercial Companies Code and some other acts (bill number – UD117). Its author is the Minister of Justice of the RP. With its entry into force in January 2020, the possibility of issuing shares in documentary form by private (non-public) joint-stock company will disappear. Thus, the dematerialization of shares in a private (non-public) joint-stock company will become an axiom under the Polish law system. The basic legislative solutions provided in the bill are in fact breakthrough. Therefore, it is worth taking a closer look at the dematerialisation of shares of the private (non-public) joint-stock companies in Polish law.