ADMINISTRATIVE BODIES OF LIMITED LIABILITY COMPANIES IN REPUBLIC OF SERBIA AND REPUBLIC OF SRPSKA

Abstract

MANY spheres of social life in both Serbia and Srpska are legally regulated in the same or similar way. The Company Law inter alia regulates the legal status of companies both in Serbia and Srpska. There are, however, certain differences between these two regulations, which were especially noticed when the Company Law of Republic of Serbia was brought in 2011. In Republic of Serbia administrative bodies of a limited liability company are the following: the Company Assembly and one or more managers if it is one-tier governance model, and the Company Assembly, Supervisory Board and one or more managers if it is two-tier governance model, while in Republic of Srpska administrative bodies of a limited liability company include the Company Assembly, a manager or the Board of Directors. Although the difference between these two regulations is not only seen in administrative bodies of a limited liability company, the author decided to point out this topic especially because of the significance of a limited liability company as the most present form of companies in both Republic of Serbia and Srpska. The scope of the work is first to point out the differences between the administrative bodies of limited liability companies in both Serbia and Srpska, statutory questions, work methods, jurisdiction, and then to indicate positive and negative regulations of both legal acts regarding to governing limited liability companies.