LAW OF THE REPUBLIC OF UZBEKISTAN

of January 18, 2023 No. ZRU-814

About modification and amendments in some legal acts of the Republic of Uzbekistan in connection with further enhancement of corporate management system

Accepted by Legislative house on May 31, 2022

Approved by the Senate on November 19, 2022

Article 1. Bring in the Law of the Republic of Uzbekistan of April 26, 1996 No. 223-I "About joint-stock companies and protection of shareholder rights" (in edition of the Law of the Republic of Uzbekistan of May 6, 2014 No. ZRU-370) (Sheets of Oliy Majlis of the Republic of Uzbekistan, 2014, No. 5, Art. 128; 2015, No. 8, Art. 312, No. 12, Art. 452; 2016, No. 4, Art. 125, No. 9, Art. 276; 2018, No. 1, Art. of the Art. 1, 4, No. 4, Art. 224; 2019, No. 3, Art. 166, No. 12, Art. of the Art. 880, 886, 891; 2020, No. 1, Art. 4, No. 7, Art. 449, No. 10, Art. 593; 2021, appendix to No. 4, No. 10, Art. 973; 2022, No. 3, Art. of the Art. 216, 217) following changes and amendments:

Part one of Article 63 to state 1) in the following edition:

"The shareholders (shareholder) owning in total at least than one percent of voting shares of society no later than thirty days after the termination of financial year of society if the charter of society does not establish later term, have the right to bring questions in the agenda of the annual general shareholder meeting and to propose candidates for the supervisory board and audit committee (auditors) of society whose number cannot exceed quantitative structure of this council and the commission (auditors), except for promotions of candidates for independent members of the supervisory board";

2) in Article 76:

the fifth and sixth to exclude parts;

the seventh - the twelfth to consider parts respectively parts five - the tenth;

the sixth to state part in the following edition:

"The quantitative structure of the supervisory board of society is determined by the charter of society, at the same time the number of the independent members who are part of the supervisory board shall be specified separately";

the ninth to state part in the following edition:

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