Article 25. Verification of the authorized capital of a Limited Liability Company Law on Limited and Additional Liability Companies
1. The authorized capital and its ratio to equity are not checked during registration or re-registration of a limited liability company.
2. Verification of the authorized capital of a limited liability company may be carried out:
1) an independent expert at the request of any of the participants. The examination is paid for by the interested participant;
2) by court decision;
3) according to the results of each financial year - according to the financial statements.
3. If the declared authorized capital of a limited liability partnership exceeds the actual authorized capital, the participants of the partnership shall be jointly and severally liable to creditors for the debts of the partnership in the amount exceeding the authorized capital over their own capital.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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