Article 24. A report on the results of the placement of shares of a joint-stock company and a report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type The Law on the Securities Market
1. A joint-stock company is obliged to submit to the authorized body reports on the results of the placement of shares of the joint-stock company based on the results of each reporting period of the placement of shares prior to the full placement of shares of the joint-stock company within forty-five calendar days after the end date of the reporting period of the placement of shares of the joint-stock company or after the date of their full placement.
The joint-stock company is obliged to submit to the authorized body a report on the results of the placement of shares of the joint-stock company based on the results of the reporting period of the placement of shares in the case of the acquisition of shares of the joint-stock company by the underwriter using the method of firm commitments for their further placement.
If no shares of the joint-stock company were placed during the reporting period, a report on the results of the placement of shares of the joint-stock company based on the results of the reporting period will not be submitted to the authorized body.
2. The accounting period for the placement of shares is twelve consecutive calendar months.
The date of the beginning of the first reporting period for the placement of shares of the joint-stock company is the date of the state registration of the issue of the declared shares of the joint-stock company.
The date of the beginning of the next reporting period for the placement of shares of a joint-stock company is the date following the end date of the previous twelve-month reporting period.
The date of the full placement of the declared shares of the joint-stock company is the date of the last operation to write off the declared shares of the joint-stock company from the issuer's personal account to account for the declared equity securities to the personal accounts of registered persons in the securities register system, after which there will be no declared shares of the joint-stock company on this issuer's personal account.
3. To review and approve the report on the results of the placement of shares, the joint-stock company submits the following documents to the authorized body:
1) a cover letter written in any form;
2) report on the results of the placement of shares of the joint-stock company;
3) copies of documents confirming the payment of shares of the joint-stock company;
4) unconsolidated financial statements prepared as of the end of the month in which the reporting period for the placement of shares ended, or the period in which all declared shares of the joint-stock company were placed.
4. In case of exchange of outstanding shares of a joint-stock company of one type for shares of this joint-stock company of another type, the joint-stock company is obliged to submit to the authorized body a report on the exchange of outstanding shares of a joint-stock company of one type for shares of this joint-stock company of another type within thirty calendar days
from the date following the date of such exchange.
5. To review and approve the report on the exchange of outstanding shares of a joint-stock company of one type for shares of this joint-stock company of another type, the joint-stock company submits the following documents to the authorized body:
1) a cover letter written in any form;
2) a report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type;
3) a copy of the decision (protocol) on the basis of which the outstanding shares of a joint-stock company of one type were exchanged for shares of a given joint-stock company of another type.
6. A report on the results of the placement of shares of a joint-stock company or a report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type shall be considered by the authorized body within eight working days.
If the submitted documents comply with the requirements of the legislation of the Republic of Kazakhstan, the authorized body approves a report on the results of the placement of shares of a joint-stock company or a report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type.
7. If, during the review of the documents specified in paragraphs 3, 4 and 5 of this article, facts of non-compliance with their requirements established by the legislation of the Republic of Kazakhstan are revealed, the authorized body refuses to approve a report on the results of the placement of shares of a joint-stock company or a report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type.
In case of refusal to approve the report on the results of the placement of shares of a joint-stock company or the report on the exchange of outstanding shares of a joint-stock company of one type for shares of this joint-stock company of another type, the joint-stock company is obliged to resubmit the revised report to the authorized body within thirty working days from the date of receipt of the refusal.
8. The procedure for approving the report on the results of the placement of shares of a joint-stock company, the report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type, the requirements for documents for approving the report on the results of the placement of shares of a joint-stock company, the report on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type, as well as the rules preparation and execution of a report on the results of the placement of shares of the joint-stock company, reports on the exchange of outstanding shares of a joint-stock company of one type for shares of a given joint-stock company of another type are established by a regulatory legal act of the authorized body.
The Law of the Republic of Kazakhstan dated July 2, 2003 No. 461.
This Law regulates public relations arising in the process of issuing, placing, circulating and redeeming equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulating, controlling and supervising the securities market in order to ensure the safe, open and effective functioning of the securities market, and the protection of investors' rights. and holders of securities, fair competition of securities market participants.
President
Republic of Kazakhstan
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