RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of September 5, 2025 No. PP-268

About measures for further simplification of regulation of the corporate relations

For the purpose of enhancement of legal regulation of the corporate relations, further simplification of procedures of corporate management, and also implementation of modern methods of management in economic societies I decide:

I. Enhancement of the corporate relations

1. Agree with the offer of the Ministry of Justice, National agency of perspective projects and Agencies on management of the state assets about simplification of the mechanism of entry into force of the fact of inclusion in the list of participants or exceptions of the list of members of limited liability company (further - society).

2. Determine that in the following cases inclusion in the list of members of society or exception of its structure is considered taken place from the moment of the actual making of the corresponding action (or failure to act), and also approaches of event:

(a) the forced exception or inclusion in the list of participants, including in cases when the share in society is recognized as common property between the participant and the third party and on its corresponding part is established the property right - from the date of the introduction in legal force of the judgment;

(b) in case of inclusion in society as the member(s) of the legal successor or the heir(s) of the participant - from the moment of submission to society of notarially certified certificate on the right to inheritance or the transfer act providing transfer of legal succession in connection with reorganization (merge, accession, separation, allocation, transformation) of society (except as specified when the charter of society provides receipt of consent of members of society to transition of share (part of share) to heirs or legal successors);

(c) in case of sale of share of society through electronic trade platform "E-auksion" and/or different ways of privatization according to the legislation - from the date of registration of results of the biddings and complete payment of cost of share (if other conditions are not provided by the purchase and sale agreement);

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