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afschaffing/opheffing van de nominale waarde van aandelen

English translation: abolish par value/nominal value of shares

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Flemish term or phrase:	afschaffing/opheffing van de nominale waarde van aandelen
English translation:	abolish par value/nominal value of shares
Entered by:	jarry

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04:46 Aug 15, 2009

Flemish to English translations [PRO]
Bus/Financial - Finance (general) / amendment to articles of association

Flemish term or phrase: afschaffing/opheffing van de nominale waarde van aandelen

"de vergadering besluit de nominale waarde van de aandelen op te heffen en de bestaande titels met een nominale waarde van [som] euro elk te vervangen met een zelfde aantal titels zonder vermelding van de waarde"

Earlier in the text is the subtitle "Afschaffing nominale waarde van de aandelen", all this within the context of the conversion of shares in a now redundant currency into euros. How should "afschaffing" or "opheffing" be understood here? TIA for your assistance. Cheers, R.

Robert Kleemaier KudoZ activity Questions: 613 (none open) (40 closed without grading) Answers: 166 Canada
Local time: 12:05

abolish par value/nominal value of shares

Explanation:
[PDF] HIGHLIGHTS OF THE COMPANIES (AMENDMENT) ACT 2005File Format: PDF/Adobe Acrobat - View
11 Aug 2005 ... Q1 Which countries have adopted such a fundamental shift to abolish par value of shares? UK has not moved in such a direction, ...
www.iyerpractice.com/html/Highlights_of_CompaniesAct05.pdf - Similar
Allens Arthur Robinson: Publication: Focus: Employee Share ...The tainting provisions were introduced when the corporate law was changed in 1998 to abolish par value of shares and to make it easier for companies to ...