1. Summary
The decision regarding changes in the composition of the supervisory board shall be adopted by the shareholders’ meeting. The shareholders’ meeting may decide on the appointment or dismissal of each member of the supervisory board separately. If the articles of association provide for the supervisory board regulations applicable to a joint stock company concerning the appointment of the supervisory board, the shareholders’ meeting shall elect the entire composition of the supervisory board simultaneously. A member of the supervisory board has the right to resign from office.
Please note that, in accordance with the Commercial Law, shareholders or stockholders have the right to participate in and vote at a meeting remotely or to vote prior to the meeting. For more information, see the section Explanation of remote participation in meetings of shareholders, stockholders and members.
| Review period is 1–3 business days (excluding the day of submission)* | 
| Fees start from EUR 20.00 | 
| Submit documents via the e-service |
| * The statutory time limit for reviewing documents may be extended pursuant to Section 64(2) of the Administrative Procedure Law. | |||||
| Useful Information on Registration Services | |
| Documents in foreign languages, electronic document submission, etc. | General procedures: registration at a pre-selected time, pre-submission document verification, etc. |
| Explanations (beneficial owners, etc.) | Details and payments |
| Laws and Regulations | Contacts |
Documents to be submitted:
- application form KR18;
- minutes of the shareholders’ meeting or a shareholder’s decision regarding changes in the composition of the supervisory board (signatures must be certified if required by the articles of association);
- consent of each member of the supervisory board to hold office (if a new supervisory board has been elected);
- notice of resignation from office by a member of the supervisory board (if the member has resigned from office);
- ja pieteikums tiek iesniegts izmantojot pasta pakalpojumus, tad if the application is submitted by post, proof of payment of the state fee (receipt or copy, online banking payment confirmation, or payment details in free text).
A foreigner (foreign national) who has legal ties with Latvia, on the basis of which mutual rights and obligations in the field of commercial activity and taxation arise or have arisen, but who has not been assigned a personal identity number of the Republic of Latvia, must submit a questionnaire for the inclusion of data in the Register of Natural Persons (to be signed personally by the foreign national with a secure electronic signature if submitted electronically; if a secure electronic signature is not available, this document shall not be submitted).
Documents must be submitted to the Register of Enterprises within 14 days of the adoption of the decision.