Where private limited companies and public limited companies fail to increase their registered
capital by at least the minimum amount stipulated respectively in Articles 311 and 387 of this
Uniform Act, they shall, where their capital is below the said amounts, pronounce, before the
expiry of the time limit specified in Article 908 of this Uniform Act, their dissolution or be
transformed into another form of company for which this Uniform Act does not require minimum
capital above the existing capital.
Companies which do not comply with the provisions of the preceding paragraph shall be
dissolved as of right upon the expiry of the stipulated time limit.
Official translation
Spot-checked
In force from 17 April 1997
Source page 200