Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)


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Art. 653v411

4. In­crease or re­duc­tion of the share cap­it­al by the gen­er­al meet­ing

 

1 If the gen­er­al meet­ing re­solvesto increase or reduce the share capital or to change the currency of the share capital dur­ing the term of the board of directors’ authorisation, the res­ol­u­tion on the cap­it­al band shall lapse. The art­icles of as­so­ci­ation must be amended ac­cord­ingly.

2If the general meeting resolves to introduce contingent capital, the upper and lower limits of the capital band shall increase to the extent of the increase in the share capital. The general meeting may instead subsequently resolve to authorise the board of directors to increase the capital with conditional capital within the limits of the existing capital range.

411 In­ser­ted by No I of the FA of 19 June 2020 (Com­pany Law), in force since 1 Jan. 2023 (AS 2020 4005; 2022 109; BBl 2017 399).

 
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