![]() ![]() The purpose of the provisions of the memorandum of association (articles of association) on the business activity (scope of business) of the corporation is to ensure that the corporation performs exclusively the activities that its shareholders or members have designated. The business activity (scope of business) of a business corporation is one of the obligatory contents of the memorandum of association (articles of association) and is also a fact entered in the Commercial Register. However, the Supreme Court ruled that this practice is contrary to the applicable legislation due to its lack of certainty. The common practice until the issuance of this decision was that business corporations entered the business activity (scope of business) in the Commercial Register in the wording “production, trade and services not included in Annexes 1 to 3 of the Trade Licensing Act” and this was also stated in the memorandum or articles of association. ![]() 2020 (hereinafter the “ decision“), which deals with the necessary certainty of the registration of the business activity (scope of business) in the Commercial Register. On, the Supreme Court of the Czech Republic issued a decision under Case No. ![]()
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