The management body requests the division's registration as the division is approved. The amendment to the articles of association should also be registered, if it is required that the transferor company's capital is decreased due to partial division.
In the case of full division, the transferor company is dissolved when registration is made at the trade registry.
The division takes effect when the registration is made at the trade registry. All assets and liabilities as included in the inventory at the time of the registration are transferred to the transferee company upon registration.
