Nov 22, 2019 12:43
4 yrs ago
21 viewers *
Serbian term

Ovlašćenja u prometu

Serbian to English Bus/Financial Business/Commerce (general)
This is in a Montenegrin company registration document.

It also mentions Ovlašćen da djeluje: Pojedinačno which I assume to be authorised to act, so what is Ovlašćenja u prometu: Neograničeno?

Thanks in advance!
Change log

Nov 23, 2019 19:48: Mihailolja changed "Language pair" from "Montenegrin to English" to "Serbian to English"

Proposed translations

+1
3 days 9 hrs

authorizations in transaction

Declined
Peer comment(s):

agree Zorica Ljubicic
12 hrs
Zahvaljujem! Pozdrav!
disagree Daryo : wrong context: SAP software and Company law have little in common
28 days
agree GILLES MEUNIER
47 days
Thanks! Greetings!
Something went wrong...
32 days

(Extent of the) mandate [to represent the company]

Mentioning the form

www.crps.me/Preuzimanja/PS-01.doc

in which these terms are used would have cut short guessing in the wrong direction.

When you have the right form available, you can see that it's about the extent of the authority of various company officers and bodies, i.e. to which extent each company officer is authorised to represent the company

these terms are used in the section:

14 PODACI O DIREKTORU I/ILI ORGANIMA UPRAVLJANJA

....

14.5. Ovlašćenja u prometu
neograničena
ograničena *unijeti opis ograničenja


Ovlašćenja u prometu

Ovlašćenja u prometu - neograničena
=
mandate [to represent the company] - unlimited


Ovlašćenja u prometu - ograničena *unijeti opis ograničenja
=
mandate [to represent the company] - limited * specify the (nature of the) limitations


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Note added at 32 days (2019-12-24 15:55:10 GMT)
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a company director would normally have an "unlimited mandate" to represent the company, while a "company secretary" wouldn't have any mandate except to submit statutory documents on behalf of the company, while an "authorised representative" could be authorised to represent the company only for a specific contract or only for some activities of the company.
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