World Library  
Flag as Inappropriate
Email this Article


Article Id: WHEBN0003636476
Reproduction Date:

Title: Aksjeselskap  
Author: World Heritage Encyclopedia
Language: English
Subject: Data Design System, Aktieselskab, Ansvarlig selskap, Joint-stock company, Corporate law
Collection: Types of Companies of Norway
Publisher: World Heritage Encyclopedia


Aksjeselskap is the Norwegian term for a stock-based company.[1] It is usually abbreviated AS or A/S, especially when used in company names. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called Allmennaksjeselskap (ASA) while companies without limited liability are called Ansvarlig selskap (ANS).

All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors and – depending on the size of its turnover, balance sheet total or number of employees – an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO.[2] Though not required by law, practically all Norwegian companies have a fiscal year running from January to December, though some foreign subsidiaries may have a different fiscal year to match the corporation.


  1. ^ Knudsen, Gudmund (4 March 2009). "Store Norske leksikon – aksjeselskap" (in Norwegian). Store Norske Leksikon. Retrieved 2009-08-06. 
  2. ^ "Business with Limited Liability". Ministry of Trade and Industry. 27 October 2011. Retrieved 30 November 2011. 
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.