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Sub project: WB4-MNE-ENV-12B: Management Models and Options for Cost Recovery for the Future Construction and
Operation of Regional Landfills in Montenegro
4.4.14 Law on Business Organization and its amendments
The last amendment of the Law on Business Organization, 26 which came into
force in early August 2011, introduced several organizational novelties:
• Within six months, the Central Register of business organizations shall be
established in Podgorica ("CRPS") and be managed by the Tax Authority.
This Central Register will replace the existing one in the Commercial
Court in Podgorica. A Registration application can be also submitted in
branch offices of the Central Register.
• By registering the company with CRPS, a tax identification number is assigned
and at the request of the applicant a VAT registration number can
be granted, as well as excise tax number.
• Establishment of a company is now fully linked only with one Government
body.
• Government body in charge of registration of business needs to decide on
refusal of application within four working days, whereas if this type of decision
is not made, it is considered that a company is registered.
• The new Law encompasses the provision withdrawing the mandatory use
of stamps for the companies for their daily business operation.
• So far, the obligation of companies to submit annual financial reports to
CRPS is abolished.
• The level of transparency on business restructuring is increased, as well as
of and information provision to shareholders. The business is now required
to publish in their website a notice convening the shareholders' assembly
meeting. Upon a request of shareholders, business must sent notifications
and materials via e-mail to shareholder, and the participation on the shareholder
assembly meeting via e-mail is granted.
• It is more precisely defined the provision of regulating acquisition of individual
shares.
4.5 Institutional set-up at local level
The following section presents the institutional set-up at the local level with
respect to solid waste management.
Responsibilities
4.5.1 Role of local self-government in solid waste management
Montenegro has 21 local self-governments (divided into the capital city of
Podgorica, the historic capital city of Cetinje, and 19 municipalities). Local
self-governments have the responsibility to:
• enforce legislation and regulations adopted by the State
• ensure financial resources for their work and activities
• adopt short-term and long-term programmes of activities and provide funding
for their implementation
26 Latest amendment: Official Gazette of Montenegro, no. 36/11. Previous amendments: Official Gazette
No. 06/02 from 08.02.2002, 17/07 from 31.12.2007, 80/08 from 26.12.2008, 40/10 from 22 July
2010, 36/11 from 27 July 2011.
.