of October 12, 1995 No. 398
About approval of the Regulations on holdings
For the purpose of further development of processes of market transformations and creation of the modern structures providing adequate management and functioning of the companies and the organizations, economic integration in different sectors of economy of the republic and also development of investing activities, the Cabinet of Ministers decides:
1. Approve Regulations on holdings according to appendix.
2. State registration of holdings is made according to the procedure, established for state registration and registration of subjects of entrepreneurship.
Chairman of the Cabinet of Ministers
I. Karimov
Approved by the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of October 12, 1995 No. 398
This Provision according to the laws of the Republic of Uzbekistan "About joint-stock companies and protection of shareholder rights", "About the security market", "About the competition" regulates procedure for creation and functioning of holdings.
1. Holding is the joint-stock company part of assets of which controlling stocks of other companies are.
The controlling stock (shares, shares) represents any form of equity participation of the company which provides the unconditional right of acceptance or variation of certain decisions on general meeting of his participants and in its governing bodies.
The companies which controlling stocks are part of assets of holding are affiliated. Affiliated enterprises are independent legal entities.
The holding has the right to be engaged in any activities which are not prohibited by the legislation of the Republic of Uzbekistan.
2. The holding can be affiliated enterprise of other holding.
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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