Information AboutAksjeselskap |
| CATEGORIES ABOUT AKSJESELSKAP | |
| types of companies | |
| types of companies of norway | |
| economy of norway | |
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Aksjeselskap is the Norwegian term for a Stock -based Company . It is usually abbreviated '''AS''' or '''A/S''', especially when used in company names. An AS is always a Limited Company , i.e. the owners cannot be held Liable for any debt beyond the Stock Capital . Public Companies are called Allmennaksjeselskap or ASA while companies without limited liability are called Ansvarlig Selskap or ANS. All AS companies must have a stock capital of at least NOK 100,000. In addition they must have a Board Of Directors and an Auditor . They may choose to have a Managing Director . If the company has Asset s exceeding NOK 3 million, the board must have at least three members and the Managing Director cannot be Chairman Of The Board . Though not required by law, practically all Norwegian companies have a Fiscal Year running from January to December, though some foreign Subsidiaries may have a different fiscal year to match the Corporation . |
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