{"id":11893,"date":"2022-08-26T11:14:02","date_gmt":"2022-08-26T11:14:02","guid":{"rendered":"https:\/\/boshnjakovski.com\/akcionersko-drustvo-ad-makedonija\/"},"modified":"2026-09-16T16:10:24","modified_gmt":"2026-09-16T16:10:24","slug":"akcionersko-drustvo-ad-makedonija","status":"publish","type":"post","link":"https:\/\/boshnjakovski.com\/sq\/akcionersko-drustvo-ad-makedonija\/","title":{"rendered":"Udh\u00ebzues p\u00ebr shoq\u00ebrit\u00eb tregtare n\u00eb Republik\u00ebn e Maqedonis\u00eb s\u00eb Veriut \u2013 Pjesa III: Shoq\u00ebria aksionare (JSC)"},"content":{"rendered":"\n
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\"\u0410\u043a\u0446\u0438\u043e\u043d\u0435\u0440\u0441\u043a\u043e<\/figure>\n<\/figure>\n\n\n\n

Shoq\u00ebria aksionare \u00ebsht\u00eb nj\u00eb nga gur\u00ebt themeltar\u00eb t\u00eb kapitalizmit modern. Kjo form\u00eb e shoq\u00ebris\u00eb zakonisht p\u00ebrdoret p\u00ebr nd\u00ebrmarrje m\u00eb t\u00eb m\u00ebdha afariste, t\u00eb cilat k\u00ebrkojn\u00eb bashkimin e shumave t\u00eb konsiderueshme t\u00eb kapitalit nga investitor\u00eb t\u00eb ndrysh\u00ebm. N\u00eb rregullimin vendas t\u00eb JSC-s\u00eb mund t\u00eb v\u00ebrejm\u00eb ndikimin e nd\u00ebrthurur t\u00eb traditave gjermane dhe amerikane t\u00eb qeverisjes korporative.<\/p>\n\n\n\n

I. Karakteristikat kryesore<\/strong><\/p>\n\n\n\n

Shoq\u00ebria aksionare (JSC) \u00ebsht\u00eb forma e dyt\u00eb m\u00eb e p\u00ebrdorur e shoq\u00ebris\u00eb tregtare n\u00eb Republik\u00ebn e Maqedonis\u00eb s\u00eb Veriut. Ligji p\u00ebr Shoq\u00ebrit\u00eb Tregtare ka huazuar elemente si nga modeli gjerman<\/strong> Aktiengesellschaft<\/em><\/strong> (AG), ashtu edhe nga<\/strong> joint stock company<\/em><\/strong> amerikane (JSC)<\/strong>. Shoq\u00ebria aksionare (n\u00eb maqedonisht: \u0410\u043a\u0446\u0438\u043e\u043d\u0435\u0440\u0441\u043a\u043e \u0414\u0440\u0443\u0448\u0442\u0432\u043e<\/em>) n\u00eb Republik\u00ebn e Maqedonis\u00eb s\u00eb Veriut zakonisht njihet n\u00ebp\u00ebrmjet shkurtes\u00ebs AD<\/strong>, e cila p\u00ebrfshihet n\u00eb emrin e shoq\u00ebris\u00eb.<\/p>\n\n\n\n

Ajo q\u00eb e b\u00ebn JSC-n\u00eb t\u00ebrheq\u00ebse p\u00ebr investitor\u00ebt \u00ebsht\u00eb fakti se \u00ebsht\u00eb e dobishme p\u00ebr bashkimin e shumave t\u00eb konsiderueshme t\u00eb kapitalit nga investitor\u00eb t\u00eb ndrysh\u00ebm<\/strong>. P\u00ebrve\u00e7 k\u00ebsaj, aksionet e JSC-s\u00eb tregtohen shum\u00eb m\u00eb leht\u00eb<\/strong> se pjes\u00ebmarrjet n\u00eb format e tjera t\u00eb shoq\u00ebrive. Si e till\u00eb, JSC-ja \u00ebsht\u00eb forma e vetme e shoq\u00ebris\u00eb aksionet e s\u00eb cil\u00ebs mund t\u00eb tregtohen n\u00eb burs\u00eb<\/strong>.<\/p>\n\n\n\n

Ashtu si n\u00eb rastin e LLC-s\u00eb, aksionar\u00ebt nuk mund t\u00eb mbahen p\u00ebrgjegj\u00ebs<\/strong> p\u00ebr detyrimet dhe veprimet e JSC-s\u00eb. Krahasuar me LLC-n\u00eb, mang\u00ebsia e JSC-s\u00eb \u00ebsht\u00eb se themelimi dhe administrimi i saj jan\u00eb m\u00eb t\u00eb nd\u00ebrlikuar dhe m\u00eb t\u00eb kushtuesh\u00ebm, nd\u00ebrsa p\u00ebrpar\u00ebsia kryesore ndaj LLC-s\u00eb \u00ebsht\u00eb regjimi i thjesht\u00eb i tregtimit t\u00eb aksioneve \u2013 si p\u00ebr JSC-t\u00eb e listuara, ashtu edhe p\u00ebr ato t\u00eb palistuara<\/strong>.<\/p>\n\n\n\n

II. Themelimi dhe kapitali aksionar<\/strong><\/p>\n\n\n\n

Ekzistojn\u00eb dy lloje procedurash p\u00ebr themelimin e nj\u00eb JSC-je<\/strong> \u2013 themelimi i nj\u00ebkohsh\u00ebm dhe ai sukcesiv. Nga nj\u00ebra an\u00eb, kur JSC-ja themelohet nj\u00ebkoh\u00ebsisht<\/strong>, themeluesit e n\u00ebnshkruajn\u00eb statutin dhe i marrin p\u00ebrsip\u00ebr aksionet pa ofert\u00eb publike<\/strong>. Nga ana tjet\u00ebr, kur JSC-ja themelohet n\u00eb m\u00ebnyr\u00eb sukcesive<\/strong>, themeluesit fillimisht e miratojn\u00eb statutin, marrin p\u00ebrsip\u00ebr nj\u00eb num\u00ebr t\u00eb caktuar aksionesh dhe m\u00eb pas shpallin ofert\u00eb publike p\u00ebr blerjen e aksioneve shtes\u00eb<\/strong>.<\/p>\n\n\n\n

Kapitali minimal aksionar i nj\u00eb JSC-je \u00ebsht\u00eb 25.000,00 euro kur JSC-ja themelohet nj\u00ebkoh\u00ebsisht<\/strong> ose 50.000,00 euro kur JSC-ja themelohet n\u00eb m\u00ebnyr\u00eb sukcesive.<\/strong><\/p>\n\n\n\n

III. Aksionar\u00ebt dhe aksionet<\/strong><\/p>\n\n\n\n

JSC-ja mund t\u00eb themelohet dhe t\u00eb jet\u00eb n\u00eb pron\u00ebsi t\u00eb \u00e7far\u00ebdo<\/strong> numri personash fizik\u00eb ose personash juridik\u00eb<\/strong>, si individ\u00eb, shoq\u00ebri tregtare, korporata, shoqata etj. Numri i aksionar\u00ebve nuk \u00ebsht\u00eb i kufizuar dhe nuk ka kufizime p\u00ebr pron\u00ebsin\u00eb e investitor\u00ebve t\u00eb huaj<\/strong>. N\u00eb fakt, rregullimi vendas e nxit fuqish\u00ebm pron\u00ebsin\u00eb e huaj, pasi aksionar\u00ebt e huaj n\u00eb shoq\u00ebrit\u00eb vendase g\u00ebzojn\u00eb trajtim t\u00eb favorsh\u00ebm n\u00eb lidhje me procedurat e q\u00ebndrimit, p\u00ebrfitimet tatimore dhe mbrojtjen e investitor\u00ebve.<\/p>\n\n\n\n

T\u00eb drejtat e aksionar\u00ebve p\u00ebrfaq\u00ebsohen nga aksionet n\u00eb JSC. Aksionet q\u00eb japin t\u00eb nj\u00ebjtat t\u00eb drejta p\u00ebrb\u00ebjn\u00eb t\u00eb nj\u00ebjtin lloj aksionesh. Sipas t\u00eb drejtave, aksionet mund t\u00eb jen\u00eb aksione t\u00eb zakonshme ose aksione me p\u00ebrpar\u00ebsi<\/strong>. Aksionet me p\u00ebrpar\u00ebsi mund t\u00eb jen\u00eb t\u00eb disa klasave dhe nuk mund t\u00eb emetohen me vler\u00eb nominale m\u00eb t\u00eb ul\u00ebt se vlera nominale e aksioneve t\u00eb zakonshme. Aksionet me p\u00ebrpar\u00ebsi t\u00eb s\u00eb nj\u00ebjt\u00ebs klas\u00eb japin t\u00eb nj\u00ebjtat t\u00eb drejta. Vlera nominale e nj\u00eb aksioni nuk mund t\u00eb jet\u00eb m\u00eb e ul\u00ebt se 1 euro. JSC-ja mund t\u00eb emetoj\u00eb n\u00eb \u00e7do koh\u00eb aksione t\u00eb reja me shumic\u00ebn prej dy t\u00eb tretash t\u00eb aksionar\u00ebve t\u00eb pranish\u00ebm n\u00eb kuvendin e aksionar\u00ebve<\/strong>.<\/p>\n\n\n\n

Aksionet mund t’u transferohen pal\u00ebve t\u00eb treta pa kufizime<\/strong> dhe, n\u00ebse JSC-ja \u00ebsht\u00eb e listuar, aksionet mund t\u00eb tregtohen lirisht n\u00eb burs\u00eb. Bursa kryesore n\u00eb vend \u00ebsht\u00eb Bursa e Maqedonis\u00eb<\/strong><\/a>. Veprimtaria e saj rregullohet me Ligjin p\u00ebr Letrat me Vler\u00eb, nd\u00ebrsa \u00e7\u00ebshtje t\u00eb tilla si oferta publike fillestare (IPO) dhe tregtimi rregullohen me Rregullat e Listimit t\u00eb Burs\u00ebs s\u00eb Maqedonis\u00eb. S\u00eb fundi, edhe n\u00ebse JSC-ja \u00ebsht\u00eb themeluar dhe regjistruar n\u00eb vend, aksionet e saj mund t\u00eb listohen edhe n\u00eb bursa t\u00eb huaja<\/strong>.<\/p>\n\n\n\n

IV. Qeverisja korporative<\/strong><\/p>\n\n\n\n

Organi kryesor vendimmarr\u00ebs i nj\u00eb JSC-je \u00ebsht\u00eb Kuvendi i Aksionar\u00ebve<\/strong>. Kuvendi ka kuorum pune n\u00ebse n\u00eb seanc\u00eb marrin pjes\u00eb persona q\u00eb s\u00eb bashku zot\u00ebrojn\u00eb s\u00eb paku shumic\u00ebn e numrit t\u00eb p\u00ebrgjithsh\u00ebm t\u00eb aksioneve me t\u00eb drejt\u00eb vote<\/strong>, p\u00ebrve\u00e7 n\u00ebse statuti parashikon ndryshe. Shumica e vendimeve t\u00eb Kuvendit merren me shumic\u00ebn e aksioneve me t\u00eb drejt\u00eb vote t\u00eb p\u00ebrfaq\u00ebsuara, por p\u00ebr disa vendime ligji parashikon shumic\u00eb t\u00eb cil\u00ebsuar. Shembull i nj\u00eb vendimi t\u00eb till\u00eb \u00ebsht\u00eb rritja e kapitalit aksionar t\u00eb JSC-s\u00eb, p\u00ebr t\u00eb cil\u00ebn k\u00ebrkohet shumic\u00eb prej 2\/3.<\/p>\n\n\n\n

Administrimi i nj\u00eb JSC-je<\/strong> mund t\u00eb organizohet n\u00eb nj\u00eb sistem nj\u00ebshkall\u00ebsh<\/strong> ose n\u00eb nj\u00eb sistem dyshkall\u00ebsh<\/strong>. Aksionar\u00ebt jan\u00eb t\u00eb lir\u00eb t\u00eb zgjedhin nd\u00ebrmjet dy sistemeve. P\u00ebrve\u00e7 k\u00ebsaj, aksionar\u00ebt mund ta ndryshojn\u00eb sistemin n\u00eb \u00e7do koh\u00eb.<\/p>\n\n\n\n

N\u00eb sistemin nj\u00ebshkall\u00ebsh<\/strong> shohim ndikimin amerikan n\u00eb Ligjin p\u00ebr Shoq\u00ebrit\u00eb Tregtare. N\u00eb sistemin nj\u00ebshkall\u00ebsh, JSC-ja ka nj\u00eb bord drejtor\u00ebsh<\/strong>, me nga 3 deri n\u00eb 15 an\u00ebtar\u00eb. An\u00ebtar\u00ebt e bordit mund t\u00eb jen\u00eb an\u00ebtar\u00eb ekzekutiv\u00eb ose joekzekutiv\u00eb<\/strong>. \u00cbsht\u00eb e r\u00ebnd\u00ebsishme t\u00eb theksohet se numri i an\u00ebtar\u00ebve ekzekutiv\u00eb duhet t\u00eb jet\u00eb gjithmon\u00eb m\u00eb i vog\u00ebl se numri i an\u00ebtar\u00ebve joekzekutiv\u00eb. Aksionar\u00ebt i zgjedhin an\u00ebtar\u00ebt e bordit, nd\u00ebrsa kryetari i bordit zgjidhet nga an\u00ebtar\u00ebt e tij. Vet\u00ebm nj\u00eb an\u00ebtar joekzekutiv mund t\u00eb zgjidhet kryetar. Kuorumi vendimmarr\u00ebs i bordit plot\u00ebsohet n\u00ebse jan\u00eb t\u00eb pranish\u00ebm s\u00eb paku gjysma e t\u00eb gjith\u00eb an\u00ebtar\u00ebve, me kusht q\u00eb numri i an\u00ebtar\u00ebve joekzekutiv\u00eb t\u00eb pranish\u00ebm t\u00eb jet\u00eb m\u00eb i madh se numri i an\u00ebtar\u00ebve ekzekutiv\u00eb t\u00eb pranish\u00ebm.<\/p>\n\n\n\n

N\u00eb sistemin dyshkall\u00ebsh<\/strong> shohim ndikimin e AG-s\u00eb gjermane n\u00eb rregullimin vendas t\u00eb shoq\u00ebrive. Sipas k\u00ebtij sistemi, JSC-ja administrohet nga nj\u00eb k\u00ebshill drejtues<\/strong>, nd\u00ebrsa mbik\u00ebqyrja i besohet nj\u00eb k\u00ebshilli mbik\u00ebqyr\u00ebs<\/strong>. K\u00ebshilli drejtues mund t\u00eb ket\u00eb s\u00eb paku 3 dhe m\u00eb s\u00eb shumti 11 an\u00ebtar\u00eb. K\u00ebshilli zgjedh kryetarin dhe mund t\u00eb marr\u00eb vendime n\u00ebse s\u00eb paku gjysma e an\u00ebtar\u00ebve t\u00eb tij jan\u00eb t\u00eb pranish\u00ebm n\u00eb mbledhje. Megjithat\u00eb, JSC-ja mund t\u00eb administrohet n\u00eb vend t\u00eb tij nga nj\u00eb drejtor menaxhues<\/strong>, me kusht q\u00eb kapitali i saj aksionar t\u00eb jet\u00eb m\u00eb i ul\u00ebt se 150.000,00 euro.<\/p>\n\n\n\n

Pavar\u00ebsisht n\u00ebse shoq\u00ebria drejtohet nga nj\u00eb k\u00ebshill drejtues ose nga nj\u00eb drejtor menaxhues, ata zgjidhen nga k\u00ebshilli mbik\u00ebqyr\u00ebs<\/strong>. Edhe k\u00ebshilli mbik\u00ebqyr\u00ebs<\/strong> ka nga 3 deri n\u00eb 11 an\u00ebtar\u00eb. An\u00ebtar\u00ebt e tij zgjidhen nga kuvendi i aksionar\u00ebve, nd\u00ebrsa kryetari i k\u00ebshillit mbik\u00ebqyr\u00ebs zgjidhet nga an\u00ebtar\u00ebt e tij me shumic\u00eb votash. K\u00ebshilli mbik\u00ebqyr\u00ebs mund t\u00eb mbaj\u00eb mbledhje dhe t\u00eb marr\u00eb vendime n\u00ebse s\u00eb paku gjysma e t\u00eb gjith\u00eb an\u00ebtar\u00ebve t\u00eb tij jan\u00eb t\u00eb pranish\u00ebm n\u00eb mbledhje.<\/p>\n\n\n\n

Kuvendi i aksionar\u00ebve mund t\u00eb shkarkoj\u00eb cilindo ose t\u00eb gjith\u00eb an\u00ebtar\u00ebt e organeve drejtuese, si n\u00eb sistemin nj\u00ebshkall\u00ebsh, ashtu edhe n\u00eb at\u00eb dyshkall\u00ebsh, edhe para p\u00ebrfundimit t\u00eb mandateve t\u00eb tyre<\/strong>. N\u00eb sistemin dyshkall\u00ebsh, k\u00ebshilli mbik\u00ebqyr\u00ebs mund t\u00eb shkarkoj\u00eb n\u00eb \u00e7do koh\u00eb cilindo ose t\u00eb gjith\u00eb an\u00ebtar\u00ebt e k\u00ebshillit drejtues apo drejtorin menaxhues, nd\u00ebrsa n\u00eb sistemin nj\u00ebshkall\u00ebsh bordi i drejtor\u00ebve mund t\u00eb shkarkoj\u00eb nj\u00eb an\u00ebtar ekzekutiv.<\/p>\n\n\n\n

Ky Udh\u00ebzues vazhdon me artikuj shtes\u00eb p\u00ebr llojet e tjera t\u00eb shoq\u00ebrive. Lexoni m\u00eb shum\u00eb p\u00ebr holl\u00ebsit\u00eb e secil\u00ebs shoq\u00ebri n\u00eb<\/strong> blogun<\/strong><\/a> ton\u00eb.<\/strong><\/a><\/p>\n\n\n\n

P\u00ebr m\u00eb shum\u00eb informacion, shihni artikujt tan\u00eb p\u00ebr tatimet, q\u00ebndrimin dhe sh\u00ebrbimet e tjera afariste, na shkruani n\u00eb (contact@boshnjakovski.com<\/a>) ose na telefononi n\u00eb (+38970257879).<\/p>\n","protected":false},"excerpt":{"rendered":"

Nj\u00eb shoq\u00ebri aksionare (SHA) n\u00eb Maqedonin\u00eb e Veriut \u00ebsht\u00eb ideale p\u00ebr investime m\u00eb t\u00eb m\u00ebdha dhe p\u00ebr mbledhjen e kapitalit nga investitor\u00eb t\u00eb shumt\u00eb. Ky udh\u00ebzues shpjegon karakteristikat kryesore, formimin, aksionet dhe qeverisjen korporative, me nj\u00eb fokus praktik p\u00ebr bizneset e huaja dhe vendase.<\/p>\n","protected":false},"author":1,"featured_media":11894,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[197,189],"tags":[217,218,219,220],"class_list":["post-11893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-uncategorized-sq","tag-company","tag-llc","tag-macedonia","tag-skopje"],"yoast_head":"\nShoq\u00ebria aksionare n\u00eb Maqedonin\u00eb e Veriut<\/title>\n<meta name=\"description\" content=\"Udh\u00ebzues p\u00ebr themelimin, kapitalin, aksionet dhe qeverisjen e shoq\u00ebris\u00eb aksionare n\u00eb Maqedonin\u00eb e Veriut.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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