Article 13. General Meeting of members (participants)a self-regulating organization The Law on Self-Regulation

Home / RLA / Article 13. General Meeting of members (participants)a self-regulating organization The Law on Self-Regulation

1. The General Meeting of members (participants) of a self-regulating organization is the supreme governing body of a self-regulating organization, authorized to consider issues related to the activities of a self-regulating organization referred to its competence by this Law, other laws of the Republic of Kazakhstan and its charter.

2. The general meeting of members (participants) of a self-regulatory organization is convened periodically and in accordance with the procedure established by its charter, but at least once a year.

3. The competence of the general meeting of members (participants) of a self-regulatory organization includes the following issues:

1) approval of the charter of a self-regulatory organization, making amendments and (or) additions to it;

2) election of the heads and members of the collegial governing body of a self-regulating organization, early termination of the powers of the said body, or early termination of the powers of the heads or individual members;

3) appointment of persons exercising the functions of the executive management body of a self-regulating organization, their early dismissal from office, as well as the formation of the executive management body and termination of its powers;

4) election of members of the supervisory body (audit commission) of a self-regulating organization in accordance with the procedure established by the charter of the self-regulating organization;

5) approval of measures of influence, the procedure and grounds for their application, the procedure for considering cases of violation by members (participants) of a self-regulating organization of the requirements of the rules and standards of the self-regulating organization, the conditions of membership (participation) in the self-regulating organization;

6) determining the priorities of the self-regulatory organization, the principles of formation and use of its property;

7) approval of reports of the collegial management body, the executive management body, the control body (audit commission) and specialized bodies in the manner and with the frequency established by the charter of the self-regulatory organization;

8) approval of the budget of the self-regulating organization, making amendments and (or) additions to it, approval of the annual financial statements of the self-regulating organization;

9) making a decision on the reorganization or liquidation of a self-regulatory organization, appointing a liquidator or a liquidation commission;

10) consideration of appeals of persons on the groundlessness of exclusion from members (participants) of a self-regulatory organization;

11) approval of rules and standards of self-regulatory organizations;

12) appointment of an audit organization to verify the accounting and financial reporting of a self-regulatory organization;

13) making other decisions in accordance with the laws of the Republic of Kazakhstan and the charter of the self-regulatory organization.

4. If the general meeting of members (participants) of a self-regulating organization performs the functions of its collegial governing body, general meetings of members (participants) of the self-regulating organization are held at least once every three months.

The Law of the Republic of Kazakhstan dated November 12, 2015 No. 390-V SAM.

This Law regulates public relations related to the self-regulation of business and professional entities in the Republic of Kazakhstan, defines the conditions for the establishment and functioning of self-regulatory organizations, membership (participation) in them and their legal status.

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Republic of Kazakhstan

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