of December 26, 2011 No. 780
About modification and amendments in the Law of the Republic of Tajikistan "About joint-stock companies"
Article 1. 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, of Art. 496; 2010, No. 1, Art. 9; No. 12, h 1, the Art. 816) to make the following changes and additions:
1. In item three of part 1 of Article 71 of the word "or not taking part in vote" to exclude.
2. In Article 86:
- 1 after words "this Law" to add part with the words "or if this transaction caused damage to joint-stock company or shareholders";
- state part 2 in the following edition:
"2. The interested person bears responsibility to joint-stock company and its shareholders in the amount of damage to joint-stock company and shareholders caused to them and shall indemnify damage caused to joint-stock company and its shareholders as a result of the conclusion of the transaction and all income gained from such transaction in which conclusion there is interest of persons provided in article 83 of this Law and also violation of requirements of this Law. In case of execution of responsibility of several persons to joint-stock company, their responsibility is joint.";
- add with part 3 following of content:
"3. Approval from general meeting of shareholders of transactions in which implementation there is interest of persons specified in article 83 of this Law does not relieve responsibility from officials of joint-stock company if as a result of the transaction damage is caused to joint-stock company and its shareholders.".
Article 2. Enact this Law after its official publication.
President
Republic of Tajikistan Emomalii Rahmon
of October 3, 2011 No. 526
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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