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Description (English)
Coercive penalties for other breaches of the corporate reporting provisions, up to EUR 7,000 and for small companies limited by shares up to EUR 3,600. They apply to the legal representatives and to the company itself and expressly back, among others, section 243b (sustainability reporting), section 267a (consolidated sustainability reporting), section 270(1) (appointment of the provider), section 277(4), section 280(3) and section 281(1) to (3). Through section 24(5) of the Commercial Register Act the range extends to EUR 20,000 for medium-sized companies and to EUR 50,000 for large companies. The sanction backs several rule sets and is therefore not assigned to a single one. A company with its registered office in Austria is jointly and severally liable for the coercive penalties imposed on its representatives and for any procedural costs.
Description (German)
Zwangsstrafen wegen sonstiger Verstöße gegen die Unternehmensberichterstattung, bis zu 7 000 Euro, bei kleinen Kapitalgesellschaften bis zu 3 600 Euro. Sie treffen die gesetzlichen Vertreter und die Gesellschaft selbst und bewehren unter anderem ausdrücklich § 243b (Nachhaltigkeitsberichterstattung), § 267a (konsolidierte Nachhaltigkeitsberichterstattung), § 270 Abs. 1 (Bestellung des Prüfers), § 277 Abs. 4, § 280 Abs. 3 und § 281 Abs. 1 bis 3. Über § 24 Abs. 5 FBG reicht der Rahmen bei mittelgroßen Gesellschaften bis 20 000 Euro und bei großen bis 50 000 Euro. Die Sanktion bewehrt mehrere Regelwerke und ist deshalb keinem einzelnen zugeordnet. Die Gesellschaft mit Sitz im Inland haftet für die über ihre Vertreter verhängten Zwangsstrafen und allfällige Verfahrenskosten zur ungeteilten Hand.
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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