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Description (English)
Coercive penalties against the legal representatives for failure to file in due time: EUR 700 to EUR 3,600, and for micro companies limited by shares EUR 350 to EUR 1,800. They are to be imposed after expiry of the filing period and repeatedly after each further two months. For medium-sized companies the amounts are tripled and for large companies increased sixfold (section 283(5)). The sanction backs the filing duties under section 277(1) and (6) and section 280(1) and (2), and therefore also the filing of the assurance report; for that reason it is not assigned to a single rule set. The coercive penalties are enforced even where those penalised comply with their duty or compliance has become impossible; subsequent filing does not remove a penalty already imposed.
Description (German)
Zwangsstrafen gegen die gesetzlichen Vertreter wegen nicht zeitgerechter Offenlegung: 700 bis 3 600 Euro, bei Kleinstkapitalgesellschaften 350 bis 1 800 Euro. Sie sind nach Ablauf der Offenlegungsfrist zu verhängen und nach je weiteren zwei Monaten wiederholt. Bei mittelgroßen Gesellschaften verdreifachen, bei großen versechsfachen sich die Beträge (§ 283 Abs. 5). Die Sanktion bewehrt die Einreichungspflichten nach § 277 Abs. 1 und 6 sowie § 280 Abs. 1 und 2 und damit auch die Einreichung des Zusicherungsvermerks; sie ist deshalb keinem einzelnen Regelwerk zugeordnet. Die Zwangsstrafen sind auch dann zu vollstrecken, wenn die Bestraften ihrer Pflicht nachkommen oder deren Erfüllung unmöglich geworden ist; eine nachträgliche Offenlegung beseitigt eine verhängte Strafe nicht.
Kind
Criminal Liability
Damage to Reputation
Exclusion from Procurement
Monetary Fine
Other
Other Prohibitions and Exclusions
Private Action
Prohibition of Sales
Public Disclosure
Rule set
Regulation-wide (no rule set)
Large public-interest entities with more than 1,000 employees and more than EUR 450 million net turnover
Public-interest parent companies of a large group with more than 1,000 employees and more than EUR 450 million consolidated net turnover
Companies subject to sustainability reporting, once the electronic reporting format applies
Parent companies subject to consolidated sustainability reporting, once the electronic reporting format applies
Companies relying on the exemption from sustainability reporting
Parent companies relying on the exemption from consolidated sustainability reporting
Companies requesting sustainability information from their value chain
Large companies limited by shares without a sustainability reporting duty
Companies limited by shares whose financial statements must be audited
Assurance providers for sustainability reporting
Assurance providers for sustainability reporting at public-interest entities
Companies limited by shares subject to preparation duties
Parent companies subject to the duty to draw up consolidated financial statements
Companies included in foreign consolidated financial statements
Public limited companies whose shares are admitted to trading on a regulated market
Companies subject to Union-law verification by an accredited third party
Reporting companies in the first three years of application
Companies below the thresholds that report under the previous law
Companies limited by shares when drawing up the annual financial statements
Public limited companies with only securities other than shares on a regulated market and shares traded on a multilateral trading facility
Responsible authority
Withdrawn at
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