vénytelen

vénytelen is a Hungarian term that translates to "de-registered" or "struck off" in English. It is commonly used in legal and administrative contexts to describe the status of a company, organization, or individual that has been officially removed from a registry. This removal typically signifies that the entity in question is no longer legally recognized or operational.

When a company becomes vénytelen, it means it has been dissolved and its registration with the relevant authorities, such as the company registry, has been terminated. This can happen for various reasons, including voluntary liquidation, bankruptcy, or prolonged inactivity. For individuals, vénytelen status might refer to their removal from a professional register, such as a medical or legal license being revoked or lapsed.

The consequences of being vénytelen can be significant. A vénytelen company cannot conduct business, enter into contracts, or hold assets in its name. Similarly, an individual whose professional registration is vénytelen is prohibited from practicing their profession. The process of becoming vénytelen usually involves specific legal procedures that must be followed to ensure transparency and proper closure of affairs. Reinstatement to a registry after being vénytelen is often a complex and lengthy process, if possible at all.