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Law Amending The Law On Innovation Norway (Responsibilities And Management)

Original Language Title: Lov om endringer i lov om Innovasjon Norge (ansvarsforhold og forvaltning)

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Law of Changes in Law of Innovation Norway (Responsibility and Management)

Date LAW-2016-06-17-72
Ministry of The proximity and the fisheries Department
Last modified
Published In 2016 booklet 8
Istrontrecation 01.01.2017
Changing LO-2003-2003 12-19-130
Announcement 17.06.2016
Card title Change law to law on Innovation Norway

Capital overview :

IN

In law 19. December 2003 # 130 about Innovation Norway is made the following changes :

Section 7 first clause second period repit.

New Section 7 to sound :

Section 7 a. The Requirement of the defensible equity

The company is going to any given time have an equity that is justifiable from the risk of and the scope of the business in the company.

If it must be assumed that equity is lower than justifiable from the risk of and the scope of the business within the company, the Board shall immediately process the case. The board shall within the reasonable time of the call of the company, give it a statement of the company's economic position and propose measures that will give the company a defensepital equity. The same applies if it must be assumed that the company's equity has become less than half of the capital of the capital.

If the Board does not find the basis for suggesting measures as mentioned in other clauses, or such measures are not going to allow it to conduct, the company is supposed to suggest the company dissolved.

New Section 7 b should sound :

Section 7 b. Prevention of the Infecture of the Infecture

The settlement meeting may be able to stop increasing ownership deposits by the payment of new capital.

The meeting protocol is supposed to indicate how much the deposit is to be elevated with. Is the deposit of other formality values than money, the protocol should indicate what to launch. The deposit may not be transferred to a higher amount than it is believed to be able to be listed in the company's balance. At the venture meeting, it shall be presented a confirmation from the auditor that the deposit has not been valued at higher than permitted after the previous period. The confirmation shall be passed the protocol.

The deposit shall be paid or transferred to the company at the same time while raising the acquisition in the Forecharge Registry. The Forester is considered implemented when it is registered in the Forester Registry.

New Section 7 c should sound :

Section 7 c. Prevention of the Infecture of the Infecture without the newly paid

The settlement meeting may be able to stop increasing ownership deposits in the company by transfer from the company's equity in the extent that this after the recently determined balance exceeds the prior-deposit amount. The meeting protocol is supposed to indicate how much the deposit is to be elevated with. The Forester is deemed to be implemented once it is registered in the Forester Registry.

New Section 7 d to sound :

Section 7 d Impact of the acquisition of the

The meeting may be able to stop putting down ownership deposits. The meeting protocol shall indicate how much the deposit should be set down with, and whether the amount should be used for :

1. coverage of losses that cannot be covered in any other way,
2. refund to the owners, or
3. transfer to fund.

Decision as mentioned in the first clause 2 and 3 may not apply greater amounts than that after the run-down is full coverage for the remaining deposits. By the calculation of the amount, balance for the last fiscal year is added to reason, but it should be taken into account for losses that had to be lidt after the balance of the balance. At the venture meeting, it shall be presented a confirmation from the auditor that the terms of the first and second period are met. The confirmation shall be passed the protocol.

The provisions of the Emergency Law Section Section 12-4 to 12-6 apply accordingly.

New Section 7 e to sound :

Section 7 e Exchange

The division of the company's funds to the owners who do not happen at the run-down of the entry-in-the-year-old, jf. Section 7 d or by resolution, jf. 36 a, can only be performed as the dividend of dividends.

Exchange can only be decided to be distributed so far the company has a net worth of net worth of the entry-level capital. By the calculation of the amount, the balance of the last fiscal year is to be added. It may not in any case be determined to be divided more than unily with careful and good accounting under consideration of losses that had to be occurred after the balance of the balance or that must be predicted to occur.

Decision about the division of the company's funds is met by the venture meeting.

Section 8 third period shall obey :

By public funding, it is the employer that determines the terms of the mission.

Section 9 should sound :

SECTION 9. Responsibility of the Company's Obligations

The owners are not dealing with the creditors of the company's obligations. The owners do not duties to make deposits in the company or in the event of its bankruptcy living out over what follows by the staple document or ordinance to foreclose the settlement of the settlement.

The employer is responsible for the company to maintain obligations related to the borrowing and warranty orders that the employer has added to the company.

Section 10 should sound :

SECTION 10. The company's real assets

To promote the company's purpose, jf. Section 1, the company's funds can be used for :

1. funding, herding to-gun, loan, warranty, and equity arrangements
2. advisory and competency measures
3. network and infrastructure
4. profiling of Norwegian nutritional life abroad

In order to promote the company's purposes, the company is committed to carrying out missions for the county of the county. This also applies to individual missions from the county of the county of the county, if the company has the capacity for this.

The owners can give closer rules about the company's real estate funds through the enterprise meeting.

In order to promote the company's purposes, owners can through the enterprises of the company to provide tasks related to the management of other state and regional real assets, and may in this connection determine further rules about the exercise of such tasks.

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Section 28 c repl.

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The Chapter 7 headline should sound :

Chapter 7. Accounting, audit, scrutiny, resolution and deviation

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In chapter 7, new Section 36 is going to sound :

Section 36 a. Resolution and deviation

At resolution and deviation, the provisions apply to law 30. August 1991 No. 1 71 about state enterprises Section 46, 49, 50, 51, 52 and 53 as far as they fit.

II

1. The law applies from the time the King decides. 1
2. For obligations such as Innovation Norway has incurred before the law takes effect, ownership responsibility is not limited after Section 9 first clause.
3. The Ministry can give closer transition regulations.
1 1 jan 2017 With the exception of roman figures In Section 13, Section 15, Section 16, Section 19, Section 20, Section 28, Section 29a, Section 31a, Section 31a, Section 31a, Section 32 and Section 35 that will take effect 1 July 2016, ifg. res. 17 June 2016 # 685.