Mikrisansp. z o.o.

Manner of representation

In the case of a one-person management board, the company is represented independently by the President of the Management Board, provided that, in matters exceeding the scope of ordinary management listed in §25(3) of the company’s articles of association, the President of the Management Board is required to obtain the consent of the partners’ meeting expressed in the form of a resolution. In the case of a multi-member management board, each member of the management board is entitled to represent the company independently and submit declarations of will in matters within the scope of ordinary management. In matters exceeding the scope of ordinary management, representation by two members of the management board, including the President of the Management Board, is required. Matters exceeding the scope of ordinary management include: a) acquisition, disposal and encumbrance of real estate and the perpetual usufruct right to real estate; b) taking out loans and borrowings; c) establishing a business entity or joining another business entity; d) granting loans, guarantees and sureties; e) acquisition and disposal of fixed assets with a value exceeding PLN 500,000.