Article 46-6. Agreement on the exercise of the rights of participants in a business partnership of the Law on Investment and Venture Funds
1. Participants in a business partnership, which is a venture fund or a person for whose activities venture financing is provided, have the right to conclude an agreement on the exercise of the rights of participants in the business partnership, under which they undertake to exercise their rights in a certain way and (or) refrain (refuse) from exercising these rights, including voting in a certain way at the general meeting of the participants of the business partnership, to coordinate the voting option with other participants of the business partnership, to sell a share or part of a share at a price determined by this agreement and (or) upon the occurrence of certain circumstances, or to abstain (refuse) from alienating a share or part of a share until certain circumstances occur, as well as to carry out other actions in concert related to the management of the partnership, its creation, operation, reorganization and liquidation. Such an agreement is concluded in writing by drawing up a single document signed by the parties.
2. An agreement on the exercise of the rights of participants in an economic partnership (its part or parts) shall terminate in the following cases::
1) the expiration of the period for which the agreement on the exercise of the rights of participants in the business partnership (its part or parts) was concluded;
2) conclusion of a new agreement on the exercise of the rights of participants in an economic partnership, which contradicts the provisions of a previously concluded agreement on the exercise of the rights of participants in an economic partnership (its parts or parts) or which absorbs a previously concluded agreement on the exercise of the rights of participants in an economic partnership (its part or parts);
3) other cases stipulated by the agreement on the exercise of the rights of participants in the business partnership.
3. A contribution to the authorized capital of a business partnership that is a venture fund may include, in addition to other assets provided for by the legislation of the Republic of Kazakhstan, the rights of participants to claim financial loans to the partnership.
The Law of the Republic of Kazakhstan dated July 7, 2004 No. 576.
This Law defines the legal status, specifics of the creation, operation, reorganization and liquidation of a joint-stock investment fund, the conditions and procedure for the creation, operation and termination of a mutual investment fund, the specifics of the legal status and activities of venture funds in the Republic of Kazakhstan, regulates relations related to the activities of professional securities market participants to ensure the functioning of investment funds, and It also defines the procedure for state regulation of investment funds.
President
Republic of Kazakhstan
© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the 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
