Article 17. The Charter of a Limited Liability Company and the Law on Limited and Additional Liability Companies

Home / RLA / Article 17. The Charter of a Limited Liability Company and the Law on Limited and Additional Liability Companies

1. The Charter of a limited liability partnership is a document defining the legal status of the partnership as a legal entity.

2. The Articles of Association of a limited liability company must contain:

1) the company name, location and address of the partnership;

2) a list of participants in a partnership (with the exception of a partnership whose register of participants is maintained by the central securities depository, indicating their name, location, address, bank details (if the founder is a legal entity) or name, place of residence and identification document data (if the founder is an individual).;

3) information on the amount of the authorized capital of the partnership;

4) the procedure for the formation and competence of the partnership's bodies;

5) conditions for the reorganization and termination of the partnership's activities;

6) the procedure for the distribution of the partnership's net income in the case when the register of the partnership's participants is maintained by the central depository;

7) the procedure and terms for providing information about the partnership's activities to the partnership's participants and purchasers of shares;

7-1) the name of the mass media used to publish information about the partnership's activities;

8) the rights and obligations of the participants of the partnership.

If a partnership is established by one person, its charter also defines the procedure for the formation of property and the distribution of income.

The charter may contain other provisions that do not contradict the legislation of the Republic of Kazakhstan.

The articles of association of a partnership may provide for the subject and objectives of its activities.

2-1. The Articles of Association of a limited liability company may contain a procedure for resolving hopeless situations.

3. The Charter must be approved by the general meeting of the founders unanimously and signed by all the founders or their authorized representatives.

4. Excluded by the Law of the Republic of Kazakhstan dated December 24, 2012 No. 60-V (effective after ten calendar days after its first official publication).

5. Excluded by the Law of the Republic of Kazakhstan dated December 24, 2012 No. 60-V (effective after ten calendar days after its first official publication).

6. Small, medium and large business entities established in the organizational and legal form of a limited liability partnership may carry out their activities on the basis of a standard charter, the content of which is determined by the Ministry of Justice of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases

Charter Capital of a Limited Liability Partnership (LLP)

Charter Capital of a Limited Liability Partnership (LLP)📘 I. General Characteristics of LLP Charter CapitalThe charter capital of an LLP is:the property base of the partnersh...