The company law is amended. The transfer of shares and the transfer of share capital is being simplified

On October 6, the Chamber of Deputies adopted a bill on the modification of the Law on companies No 31/1990.

A new project on tax measures was published on Min. Finance on October 16.

In the Official Gazette no. 720 of 10.08.2020, the Government Gazette 132/2020 on new support measures for employees and employers was published, which we summarize below

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Romania’s business environment is concerned about 25 October 2020, when the deadline for companies to pay the deferred taxes in the state of emergency/alarm expires.

Today we will talk about our colleague Sorin Herman, who this year joined our team in Human Resources.

A proposal to amend the Labour Code was adopted published at the end of September.

Alina Isac, colega noastră de la „Conta”. Are 15 ani, dar nu de orice fel, ci de … ASCENT.

Equity is the residual interest of shareholders or associates in the assets of a company, after deducting all its debts or, more simply, the difference between assets and debts of a company.

According to Emergency Ordinance 147/2020 published in the Official Journal on Fridays, in the event of limitation or suspension of teaching in schools, kindergartens and nurseries, due to the coronavirus pandemic COVID-19, employees with children may apply for paid days off under certain conditions.

At its meeting of 14 August 2020, the Government adopted a new Emergency Ordinance to amend the deadline for the submission of the declaration for the beneficial owner for the legal persons that are not profit based.

According to Law No 172/2020 new regulations have emerged.

Process automation is a concern for all companies today. At Ascent Group, this process started some time ago, before the current crisis, and we have chosen from the very cutting edge solutions, based on artificial intelligence.

The Emergency Ordinance No 143 of 24 August 2020 was published, for the amendment of OUG No 110/2017 on the IMM INVEST ROMANIA programme.

In the Official Gazette n. 741/14.08.2020 was published the Law n. 175 of 14 August 2020 for the amendment and completion of the Law n. 17/2014.

In Romania, hiring a disabled person is quite difficult.

According to the communications issued by the National Health Insurance Entity, new regulations on granting medical leave certificates for quarantine and isolation have been introduced.

Besides reimbursable financing provided under the IMM Invest Romania program, companies can now also benefit from non-reimbursable financing.

The amendments to Law 448/2006 on the protection and promotion of the rights of persons with disabilities enter into force on 25.07.2020.

We remind you that the rights of persons with disabilities (a disabled person also means a grade III disabled person) employed or seeking employment are as follows:

From 25 July 2020, with the entry into force of the ordinance of the Minister of Labour and Social Protection No 1.140/2020, the electronic register becomes mandatory for daily workers, therefore, companies and PFA working with daily workers must keep their records in the electronic register of their daily workers.

Following the publication of Law 151 of 23 July 2020 in the Official Gazette No. 658 of 24 July 2020, additions and amendments to the Labour Code were made in terms of discrimination against employees.

Thus any discrimination, direct or indirect, against an employee, by association, harassment or victimization, on the basis of race, nationality, ethnicity, color, language, religion or social origin, genetic characteristics, sex, sexual orientation, age, disability, chronic non-malattie contagiose, HIV infection, political option, family situation or responsibility, membership or trade union activity, membership in a disadvantaged category is prohibited.

What is discrimination for association, harassment and victimization?

6 months ago we announced the appearance of some positive amendments to the Company Law n. 31/1990, such as:

• cancelation of the provisions whereby a natural or legal person may be a sole member of a single limited liability company

• the abolition of the provisions providing that different companies may operate in the same establishment only if the building, through its structure and its useful surface, allows more companies to operate in different premises or in separate shared spaces

• Abolishment of the obligation to obtain an aproval from the Owners’ Association of the building to change the destination of the real estate, in the case of companies whose registered office is to be registered in an apartment building, for companies with registered office of which no activity is exercised.

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In view of the current situation, which is burdensome for the business environment, a new OUG project has been created, which is intended to bring additional exemptions and facilities for the companies.

These facilities concern:

The Romanian Government has launched a new phase of relaxation measures related to the current epidemiological context. In this regard, The Decision no. 465 was adopted on the 11th of June 2020, to amend and supplement Annexes 2 and 3 of HG 394/2020 on the Alert State Declaration.

Also, in the Official Journal n. 508 of 15 June 2020 was published the order of the Minister of Health no. 1,080 of 12 June 2020 amending and supplementing Amendment 414/2020 establishing the quarantine measures for persons in an international public health emergency due to COVID-19 infection.

Here’s a summary of the legislative changes, on the conditions of travel and entry into Romania.

 1. Countries to be exempted from quarantine/house isolation.

From 21^st of April onwards, both public entities and economic operators, which by their nature have opened accounts with the Treasury, will be able to make online payment via the electronic multiple payment order, by accounts opened with the Treasury units of the State through which it operates.

The new provisions are contained in the OMFP n. 1819/2020 and were published in the Official Journal n. 279 of 3 April 2020.