of December 23, 2000 No. 224
About the solution of some questions following from adoption of the Civil code of the Azerbaijan Republic
For the purpose of ensuring execution of the Presidential decree of the Azerbaijan Republic "About application of the Law of the Azerbaijan Republic "About approval, entry into force of the Civil code of the Azerbaijan Republic and the questions of legal regulation connected with it" of August 25, 2000 the No. 386 Cabinet of Ministers of the Azerbaijan Republic decides:
1. To set numerical limit of members of private company in 50 physical persons or legal entities.
2. To set the minimum limit of the authorized capital of joint-stock company in the amount of 10 million manats for private company and 20 million manats for open joint stock company.
3. To establish the minimum extent of net assets value of joint-stock company allowed below the authorized capital in the amount to 50 percent.
3-1. In the cases established by the laws regulating the financial markets, the minimum size of the authorized capital of joint-stock company is established by the Central bank of the Azerbaijan Republic.
4. This resolution becomes effective from the date of signing.
Prime Minister of the Azerbaijan Republic
A. Rasi-Zade
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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