LAW OF UKRAINE

of December 2, 1997 No. 671/97-BP

About Chambers of Commerce and Industry in Ukraine

This Law determines general legal, economic and social basis of creation of Chambers of Commerce and Industry in Ukraine, establishes forms of business and the directions them activities, and also the principles of their relations with the state.

Section I General provisions

Article 1. Chamber of Commerce and Industry

1. The Chamber of Commerce and Industry is the non-state non-profitable self-governed organization uniting the legal entities created and acting according to the legislation of Ukraine and the citizens of Ukraine registered as entrepreneurs, and their associations.

2. The Chamber of Commerce and Industry can be engaged in business activity only in that amount in which it is necessary for accomplishment of its authorized tasks. The profit got by it is not shared between members of Chamber of Commerce and Industry, and goes for accomplishment of its authorized tasks.

3. The Chamber of Commerce and Industry is legal entity.

4. The Chamber of Commerce and Industry answers for the obligations all means belonging to it and property.

5. The Chamber of Commerce and Industry does not answer for obligations the members, just as members of Chamber of Commerce and Industry do not answer for its obligations.

6. The Chamber of Commerce and Industry does not answer for obligations the companies created by it and other organizations, just as the companies and other organizations do not answer for obligations Chamber of Commerce and Industry.

7. The name "Chamber of Commerce and Industry" and phrases formed on its basis can be used only concerning the organizations created according to this Law. Other organizations have no right to use in the names phrases "Chamber of Commerce and Industry", "chamber of commerce" or "industrial chamber" and are not subject to state registration under the names containing these phrases.

8. The Chamber of Commerce and Industry the current and supplementary (deposit) accounts in bank institutions can also have seals.

Article 2. Legislation on Chambers of Commerce and Industry

1. The legislation on Chambers of Commerce and Industry consists of this Law, other laws and regulatory legal acts.

2. Operation of this Law does not extend to members of Chamber of Commerce and Industry when implementing the activities which are not connected with membership in Chamber of Commerce and Industry.

Article 3. Purposes and tasks of Chambers of Commerce and Industry

1. Chambers of Commerce and Industry are created for the purpose of assistance to development of the national economy and national economy, its integration into world economic system, to forming of modern industrial, financial and trade infrastructures, creating favorable conditions for business activity, to all-round development of all types of entrepreneurship which are not forbidden by the legislation of Ukraine, scientific and technical and commercial intercourses between the Ukrainian entrepreneurs and entrepreneurs of foreign countries.

2. Tasks of Chambers of Commerce and Industry are:

assistance to development of foreign economic relations, export of the Ukrainian goods and services, rendering the practical help to entrepreneurs in carrying out trade and economic transactions in the internal and external markets, mastering of new forms of cooperation;

representation of interests of members of chamber concerning economic activity both in Ukraine, and beyond its limits;

the organization of interaction between subjects of business activity, coordination of their relations with the state on behalf of its bodies;

participation in the organization in Ukraine and abroad professional training and probation of specialists - citizens of Ukraine concerning entrepreneurship, competition development, and also in development and implementation of the state and interstate programs in this area;

provision of reference services, the main data which are not trade secret on activities of the Ukrainian entrepreneurs and entrepreneurs of foreign countries according to the national legal system, assistance to distribution, particular through media, knowledge of economy and scientific and technical achievements, the legislation, customs and rules of trade in Ukraine and foreign countries, opportunities of the external economic cooperation of the Ukrainian entrepreneurs;

assistance in the organization of infrastructure of information servicing of entrepreneurship;

provision of services for implementation of business activity to foreign firms and the organizations;

establishment and development of communications with foreign entrepreneurs, and also the organizations uniting or representing them, participation in work of the international non-governmental organizations and other joint organizations;

assistance to development of trade and other fair customs in business activity, participation in development of rules of professional ethics in the competition for different spheres of business activity, industries of economy, unions and associations of entrepreneurs;

accomplishment of other tasks provided by its charter.

Article 4. State and Chambers of Commerce and Industry

1. State bodies render assistance to Chambers of Commerce and Industry in accomplishment of authorized tasks by them.

2. Intervention of state bodies and their officials in activities of Chambers of Commerce and Industry, as well as intervention of Chambers of Commerce and Industry in activities of state bodies and their officials is not allowed.

3. The relevant state bodies exercise control and supervision of activities of Chambers of Commerce and Industry within the powers according to the legislation.

Section II Creation of Chambers of Commerce and Industry and Termination of Their Activities

Article 5. Principles of creation of Chambers of Commerce and Industry

1. Chambers of Commerce and Industry are created by the principle of voluntary consolidation of their founders. The principle of voluntary consolidation of entrepreneurs in Chamber of Commerce and Industry consists in option to enter or not to be its part.

2. Chambers of Commerce and Industry are created in the territory of the Autonomous Republic of Crimea, areas, the cities of Kiev and Sevastopol (regional Chambers of Commerce and Industry). Within each of these administrative and territorial units only one Chamber of Commerce and Industry can be created.

In the territory of Ukraine the Chamber of Commerce and Industry of Ukraine is effective.

Article 6. Procedure for creation of Chamber of Commerce and Industry

1. The Chamber of Commerce and Industry is created at the initiative of at least 50 founders who are in the corresponding territory.

2. Founders of Chamber of Commerce and Industry convene constituent congress (conference) or general meeting on which the charter is accepted and governing bodies of Chamber of Commerce and Industry are created.

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