LAW OF THE REPUBLIC OF ARMENIA

of October 20, 2007 No. ZR-202

About modification and amendments in the Law of the Republic of Armenia "About joint-stock companies"

Accepted by National Assembly of the Republic of Armenia on October 11, 2007

Article 1. In the text of the Law of the Republic of Armenia "About joint-stock companies" (on September 25, 2001, shall be replaced with words ZR-232) of the word "On Regulation of the Security Market" "About the security market".

Article 2. To exclude the words "and the same number of state registration according to the procedure, established by the Law of the Republic of Armenia " on regulation of the security market "" from Item 3 of article 31 of the Law.

Article 3. 2 Items 1 of article 49 of the Law after the words "also other property" to add the paragraph with words ", including shares of this Society".

Article 4. In article 51 of the Law:

The paragraph of 1 Item 1 to state 1) in the following edition:

"1. Joint-stock companies shall transfer maintaining the register of owners of the issued shares of the specialized organization which in the procedure established by the law and other legal acts has the right of maintaining the register of owners (nominee holders) of securities. In the register the information about each registered person (the shareholder, the nominee holder) is specified, and also the data established by the law and other legal acts register.";

2) the paragraph 2 Items 1 and Item 2 to recognize invalid.

Article 5. To add Item 1 of article 67 of the Law with the subitem "ya" of the following content:

"cc)" decision making in the cases and procedure established by the Law of the Republic of Armenia "About the security market"".

Article 6. In Item 2 of article 96 of the Law of the word of "the commission of securities" shall be replaced with words "Central Bank".

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