of December 23, 1991 No. 452
About commodity exchange and exchange trade in the Republic of Tajikistan
This law determines the organizational, economic and legal basis of forming and development of commodity exchange and stock exchange trading in the conditions of market economy and is effective in combination with other laws of the Republic of Tajikistan. Commodity exchanges and stock exchange trading promote creation of conditions for market grouping of means of production, the accelerated development of trade infrastructure, concentration of the demand and supply and forming on this basis of the prices of market balance.
1. The commodity exchange, hereinafter referred to as "exchange", is regularly functioning market of the mass goods which are on sale according to standards and samples is the commercial organization acting on the basis of economic amateur performance.
The main objective of commodity exchange is rendering intermediary services in the conclusion of commercial transactions, streamlining of commodity trade, regulation of trading activities and settling of trade demands, collection and publication of data on the prices, condition of the industry, trade, transport and other factors exerting impact on price performance.
The exchange is legal entity, has the isolated property, can have settlement, currency and other accounts in organization of bank, seal with the name.
2. The exchange acts on the basis of this Law, other laws of the Republic of Tajikistan acquired on their basis of own Charter and rules of stock exchange trading.
3. The exchange is created on the basis of voluntary merging of the interested Soviet and foreign legal entities and physical persons (further interested persons) to which it is not forbidden by the current legislation.
4. The exchange is created on the principles of society on equal footing, as a rule, not setting as the purpose profit earning.
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