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The Swedish Companies Act (ABL)

The Swedish Companies Act (ABL)

The Swedish Companies Act (ABL) is the law that governs how limited companies are formed and run.

What is the Swedish Companies Act?

The Swedish Companies Act (2005:551), abbreviated ABL, is the law that governs how limited companies in Sweden are formed, run and wound up. It regulates everything from share capital and the share ledger to the general meeting, the board and share issues.

 

Why ABL matters

ABL sets the rules a company must follow to be legally sound. It states, for example, that every company must keep a share ledger, that this is the board's responsibility, and how decisions on a new share issue or dividend must be made. NVR's services are built with lawyers to always comply with ABL.

Learn more about the digital share ledger
Henrik Kristensen, NVR
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Related terms

Limited company

A limited company is a business form that is its own legal entity and is owned through shares.

Share ledger

A share ledger is a record of a company's shares and who its shareholders are.

Articles of association

The articles of association are the basic rulebook that governs how a limited company operates.

General meeting

The general meeting is the highest decision-making body in a limited company, where shareholders make decisions.