Article 19. The system of registers of shareholders of the company The Law on Joint Stock Companies

Home / RLA / Article 19. The system of registers of shareholders of the company The Law on Joint Stock Companies

1. The system of registers of the company's shareholders may be maintained only by the central depository.

2. The procedure for maintaining the system of registers of shareholders of the company, as well as providing the authorized body with information on it, is determined by the legislation of the Republic of Kazakhstan on the securities market.

3. The Company is obliged to conclude an agreement with the central securities depository on the provision of services for maintaining a system of registers of shareholders of the company before submitting documents to the authorized body for the purpose of state registration of the issue of shares of the company.

4. Until the full payment of the placed share is made, the company is not entitled to give an order to transfer this share to the personal account of its acquirer in the company's share register system (nominee holder accounting system).

The Law of the Republic of Kazakhstan dated May 13, 2003 No. 415.

This Law defines the legal status, procedure for the establishment, operation, reorganization and liquidation of a joint-stock company; the rights and obligations of shareholders, as well as measures to protect their rights and interests; the competence, procedure for the formation and functioning of the bodies of a joint-stock company; the powers, procedure for the election and responsibility of its officials.

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