How the holder of procuration represents the company
Procuration rights can be granted to appointed persons so that they have the right to represent the company alone. Procuration rights are personal and cannot be transferred to another person. Procuration rights can also be granted to several persons so that they can represent the company only jointly, for example: “The holders of procuration represent the company any two jointly.”
Holder’s right to represent is checked online
The company’s clients, partners, financiers and many others use our online services (such as the Virre Information Service) to check the company’s representation rights. Therefore, it is important that the representation details are up to date and shown in our online services.
The recommended ways of representing a company are listed below. These are also shown in our online services. If the company chooses a different way, it will complicate the company’s operations. In that case, the services only state that the representation of the company is indicated in the company’s documents, which are available at the customer service of the Finnish Patent and Registration Office (PRH).
All company types
The following ways to represent are suitable for all company types:
- Each of the holders of procuration represent the company on their own.
- Any two of the holders of procuration represent the company jointly.
- Each of the holders of procuration represent the company jointly with the following holders of procuration:
- Each of the holders of procuration represent the company jointly with another holder of procuration.
Limited liability companies, housing companies, and co-operatives
If you file your notification online using the service at ytj.fi, which is jointly provided by the PRH and the Finnish Tax Administration, you can select from the representation alternatives provided by the service.
Please note that the term “managing director” relates to limited liability companies under the Finnish Limited Liability Companies Act and co-operatives. The term “property manager” relates to companies under the Finnish Limited Liability Housing Companies Act.
- Each of the holders of procuration represents the company individually together with a board member.
- Each of the holders of procuration represents the company individually together with the board chairperson.
- Each of the holders of procuration represents the company individually together with the managing director.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a board member.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the board chairperson.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the managing director.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a board member or the managing director.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the board chairperson or the managing director.
- The holders of procuration represent the company together with the following persons authorised to represent the company:
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the following persons authorised to represent the company:
- Each of the holders of procuration represents the company individually together with the property manager.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the property manager.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a board member or the property manager.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with the board chairperson or the property manager.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a person authorised to represent the company.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a board member or a person authorised to represent the company.
- Each of the holders of procuration represents the company individually together with a board member or a person authorised to represent the company.
- Each of the holders of procuration represents the company individually together with a board member or the managing director.
- Each of the holders of procuration represents the company individually together with the board chairperson or the managing director.
- Each of the holders of procuration represents the company jointly with another holder of procuration or with a board member.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a board member, the managing director or a person authorised to represent the company.
- Each of the holders of procuration represents the company individually together with the board chairperson, the managing director, or the following holders of procuration:
- Each of the holders of procuration represents the company individually together with a person authorised to represent the company.
- Each of the holders of procuration represents the company individually together with the managing director or the substitute for the managing director.
- Each of the holders of procuration represents the company together with a person authorised to represent the company, or together with a board member or the managing director.
In a limited liability company or co-operative, procuration rights can also be granted in such a way that the holder of procuration may only represent the company together with an authorised person. This refers either to persons who are authorised to represent the company according to the articles of association or rules and based on their position as a board member, the managing director etc., or to appointed persons who are authorised to represent the company together with another person based on the articles of association or a provision in the rules. In such joint procuration, the right to represent the company is based on the procuration rights, not on a provision in the articles of association or a similar provision.
General partnerships and limited partnerships
The following ways to represent are suitable for general partnerships:
- Each of the holders of procuration represents the company individually together with a partner.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a partner.
The following ways to represent are suitable for limited partnerships:
- Each of the holders of procuration represents the company individually together with a general partner.
- Any two of the holders of procuration represent the company jointly, or each of them individually together with a general partner.
In general partnerships or limited partnerships, procuration rights can also be granted in such a way that the holder of procuration signs the company name together with one or more partners in a general partnership or with a general partner in a limited partnership. This requires the partnership agreement to specify the right of partners or general partners to sign the company name when two of the partners act jointly (or all jointly etc.).