Publicity Act
| Basic data | |
|---|---|
| Title: | Law on the accounting of certain companies and groups |
| Short title: | Publicity Act |
| Abbreviation: | PublG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: | Commercial law |
| References : | 4120-7 |
| Issued on: | August 15, 1969 ( BGBl. I p. 1189 ) |
| Entry into force on: | August 21, 1969 |
| Last change by: |
Art. 15 G of December 12, 2019 ( Federal Law Gazette I p. 2637, 2651 ) |
| Effective date of the last change: |
January 1, 2020 (Art. 16 G of December 12, 2019) |
| GESTA : | C072 |
| Please note the note on the applicable legal version. | |
The Disclosure Act regulates in Germany the disclosure obligations of companies that are not even as corporations to publish their financial statements are required. This includes in particular partnerships and sole proprietorships . These are only obliged to disclose if their business operations exceed a considerable scope.
The threshold value for the application of the law is reached in accordance with Section 1 (1) PublG if at least two of these three company size characteristics apply on three consecutive reference dates :
- Total assets of more than 65 million euros
- Sales of more than 130 million euros
- more than 5,000 employees
This means that the threshold for balance sheet figures is four times that of large corporations , and for the number of employees even twenty times.
literature
- Reinhard Goerdeler : Problems of the Publicity Act . In: Horst Bartholomeyzik, Kurt Biedenkopf , Helmuth von Hahn (eds.): Contributions to commercial law, commemorative publication for Heinz Kaufmann . Publishing house Dr. Otto Schmidt, Cologne 1972, ISBN 978-3-504-06002-2 , pp. 169-182.
