FinScan

Alarm bell procedure

The procedure that requires directors to convene the general meeting when the company's net assets become insufficient.

NBB heading
10/15

For an SRL/BV, it applies when net assets risk becoming negative (art. 5:153 of the Code); for an SA/NV, when they fall below half of the capital (art. 7:228). The meeting must be held within two months.