of December 11, 2003 No. 558-II
About private enterprise
The purpose of this Law is regulation of the relations in the field of creation, activities, reorganization and liquidation of private enterprises.
The legislation on private enterprise consists of this Law and other acts of the legislation.
Private enterprise the commercial organization created and managed by the owner - one physical person is recognized. The private enterprise is form of business of subjects of entrepreneurship.
The private enterprise has the isolated property in property, can acquire and perform on its own behalf the property and personal non-property rights, perform duties, to be claimant and the defendant in court.
The private enterprise answers for the obligations all property belonging to it.
The owner of private enterprise according to the legislation bears subsidiary responsibility the property belonging to it according to obligations of private enterprise in case of insufficiency of property of the company.
The private enterprise shall have complete and has the right to have the reduced trade name. The full trade name of private enterprise shall contain its full name and the words "xususiy korxona". The reduced trade name of private enterprise shall contain the reduced its name and the words "xususiy korxona" or abbreviation of "HK".
The private enterprise opens bank accounts for the territories of the Republic of Uzbekistan and beyond its limits according to the procedure, determined by the legislation.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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