LAW OF THE REPUBLIC OF MOLDOVA

of May 28, 2015 No. 106

About modification and amendments in the Join-stock companies law No. 1134-XIII of April 2, 1997

The Parliament adopts this organic law.

In the Join-stock companies law No. 1134-XIII of April 2, 1997 (repeated publication: The official monitor of the Republic of Moldova, 2008, Art. No. 1-4, 1), with subsequent changes to make the following changes and additions:

1. Part (Article 2 to state 2) in the following edition:

"(2) Society shall open publicly information according to the Law on the capital market No. 171 of July 11, 2012.".

2. Part (10) Article 3 to recognize invalid.

3. In part (4) Article 7 of the word "The insolvency act No. 632-XV of November 14, 2001." shall be replaced with words "The insolvency act No. 149 of June 29, 2012.".

4. Recognize Article 9 invalid.

5. In Article 10:

in part (words of "controlling stock (shares) of the first society" shall be replaced with words 3) "the number of shares giving control over the first society";

part (to recognize 9) invalid.

6. In Article 11:

in part (1) words "the legislation on securities," shall be replaced with words "the legislation on the capital market,";

parts (2) and (to state 3) in the following edition:

"(2) Joint-stock companies can issue securities in the form established by the Law on the capital market.

(3) Securities of society without fail are registered in the state register of securities which is kept by the National commission on the financial market.";

add Article with part (3-1) following of content:

"(3-1) Placed are recognized the securities of society which are completely paid by their first acquirers (subscribers), registered in the state register of securities and the register of owners of securities of society.";

add Article with part (6) the following content:

"(6) the Securities issued by joint-stock companies address as follows:

a) only in the controlled market – in case of transactions of purchase and sale with the securities issued by societies subjects of public value of 1 percent and more total quantity of issued securities of one class;

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