Article 11. Legal status of a microfinance organization The Law on Microfinance Activities

     1. A microfinance organization (with the exception of a credit partnership) is established in the organizational and legal form of a joint-stock company or a business partnership.

     2. Microfinance organizations are prohibited from issuing bonds, with the exception of issuing bonds for the purpose of placing them on the organized securities market of the Republic of Kazakhstan and (or) admission to trading on the stock exchange operating on the territory of the Astana International Financial Center.

The Law of the Republic of Kazakhstan dated November 26, 2012 No. 56-V.

     This Law regulates public relations related to the provision of micro-loans, establishes the specifics of the creation and reorganization of organizations engaged in microfinance activities, the legal status, activities of organizations engaged in microfinance activities, and also defines the specifics of state regulation of organizations engaged in microfinance activities, control and supervision of their activities.

President    

Republic of Kazakhstan     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

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