of August 25, 2015 No. ZRU-392
About investment and share funds
Accepted by Legislative house on June 29, 2015
Approved by the Senate on August 6, 2015
The purpose of this Law is regulation of the relations in sphere of activity of investment and share funds.
The legislation on investment and share funds consists of this Law and other acts of the legislation.
If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about investment and share funds then are applied rules of the international treaty.
The legal entity - the joint-stock company performing share issue for the purpose of attraction of money of investors and their investment in investment assets is investment fund.
The investment fund can be the following type:
with the obligation of the redemption of the shares issued by it;
without obligation of the redemption of the shares issued by it.
The type of investment fund is specified in constituent documents of fund.
Share fund is set of money of two and more persons - the investors delivered by them in trust management for the purpose of implementation of investing activities.
The share fund can be the following type:
with the obligation of the redemption of the issued investment shares the trustee by fund;
without obligation of the redemption of the issued investment shares the trustee by fund.
The type of share fund is specified in the trust management agreement of share fund.
The share fund is not legal entity.
Investment share is the bank entry security confirming share of its owners in share fund.
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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