LAW OF THE REPUBLIC OF TAJIKISTAN

of November 14, 2016 No. 1374

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

Accepted by the Resolution MH MOPT of October 19, 2016 , No. 568

Approved by the Resolution MM MORT of November 8, 2016, No. 308

Article 1. Bring in the Law of the Republic of Tajikistan of March 5, 2007 "About joint-stock companies" (Akhbori of Majlisi Oli of the Republic of Tajikistan, 2007, No. 3, Art. 170; 2008, No. 10, Art. 812; 2009, No. 5, Art. 318, No. 7-8, Art. 496; 2010, No. 1, Art. 9, No. 12, h-1, Art. 816; 2011, No. 12, Art. 844) following changes and amendments:

1. In Article 3:

- in the paragraph the fifteenth to replace sign of point with sign of semicolon ";";

- add with the paragraph the sixteenth the following content:

"-the beneficial owner (beneficiary) - one or several physical persons which finally directly or indirectly has property (has more than 25 percent of the prevailing equity participation of the client or from total number of shares of the client with voting power) or really control the client and/or person in whose interests transaction/transaction, also persons controlling the legal entity is made.".

2. Add Article 84 with part 5 of the following content:

"5. Authorized state body on regulation of the security market and the authorized body on counteraction of legalization (washing) of income gained in the criminal way, and financing of terrorism has the right to obtain information on his beneficial owners (beneficiaries) at joint-stock company.".

3. Add Article 89 with part 3 following of content:

"3. Authorized state body on regulation of the security market and joint-stock company shall store information on his beneficial owners (beneficiaries) within at least five years from the date of liquidation of joint-stock company.".

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