Article 113-1. Consequences of recognizing the state registration of the issue of shares as invalid or the issue of shares as invalid in joint-stock companies, the issue of shares of which was registered before the entry into force of this Law of the Law on the Securities Market
1. If the state registration of the issue of shares is declared invalid in joint-stock companies, the issue of shares of which was registered before the entry into force of this Law, all issues of shares of this joint-stock company are subject to cancellation.
2. In case of recognition of the issue of shares of the company as invalid before the entry into force of this Law, this issue is subject to cancellation on the basis of a decision on recognition of the issue of shares of the company as invalid.
The Law of the Republic of Kazakhstan dated July 2, 2003 No. 461.
This Law regulates public relations arising in the process of issuance, placement, circulation and repayment of equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulation, control and supervision of the securities market in order to ensure the safe, open and effective functioning of the securities market, protection of investors' rights. and holders of securities, fair competition of securities market participants.
President
Republic of Kazakhstan
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