(1) All founders and members of the management board and of the supervisory board are to file the application with the court for having the company entered in the Commercial Register.
(2) The application for registration may be filed only when the amount called has been duly and properly paid in for each share of stock, unless contributions in kind have been agreed (section 54 (3)), and only once it is definitively available to be disposed over by the management board at its discretion, unless said amount has already been used to pay the taxes and fees accruing at formation.