Article 20. A report on the results of the placement of the company's shares and a report on the exchange of outstanding shares of one type of company for shares of another type of company The Law on Joint-Stock Companies

Home / RLA / Article 20. A report on the results of the placement of the company's shares and a report on the exchange of outstanding shares of one type of company for shares of another type of company The Law on Joint-Stock Companies

Article 20. A report on the results of the placement of the company's shares and a report on the exchange of outstanding shares of one type of company for shares of another type of company The Law on Joint-Stock Companies

1. The Company is obliged to submit to the authorized body reports on the results of the placement of shares of the company based on the results of each reporting period of the placement of shares prior to the full placement of shares of the company within forty-five calendar days after the end date of the reporting period of the placement of shares of the company or after the date of their full placement.

The reporting period for the placement of shares is twelve consecutive calendar months.

2. If no shares of the company were placed during the reporting period, a report on the results of the placement of shares of the company based on the results of the reporting period will not be submitted to the authorized body.

3. In case of exchange of outstanding shares of a company of one type for shares of a given company of another type, the company is obliged to submit to the authorized body a report on the exchange of outstanding shares of a company of one type for shares of a given company of another type within thirty calendar days after the date of such exchange.

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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Republic of Kazakhstan

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