Article 48. The procedure for decision-making by the General Meeting of participants of a Limited Liability Partnership The Law on Limited and Additional Liability Partnerships
1. The General Meeting of participants of a limited liability partnership has the right to make decisions only on the agenda items notified to the participants in accordance with paragraphs 1 and 2 of Article 46 of this Law. At the same time, the issues required by the participants of the partnership to be included in the agenda of the general meeting in accordance with paragraph 2 of Article 46 of this Law are considered to be included in the agenda even if the body or persons convening the meeting have not fulfilled the obligations provided for in part two of this paragraph.
2. Decisions on the issues specified in subitems 1), 7), 9) and 10) of paragraph 2 of Article 43 of this Law, as well as on other issues defined in the charter of a limited liability partnership, shall be taken by a qualified majority of three-quarters of the votes of the participants present and represented at the meeting of the partnership, unless the charter of the partnership requires their adoption by a larger number of votes or unanimity.
When making a decision under subparagraph 9) of paragraph 2 of Article 43 of this Law, a participant whose share is being forcibly redeemed shall not participate in voting and the number of votes belonging to him shall not be counted.
The remaining decisions are made by a simple majority of the votes of the members of the partnership present and represented at the general meeting, unless the articles of association of the partnership require more votes or unanimity for their adoption.
3. Decisions of the general meeting of participants of a limited liability partnership are taken by open voting, unless secret voting is provided for by the articles of association of the partnership or the rules and other documents regulating the internal activities of the partnership.
Decisions of the general meeting must also be taken by secret ballot in cases where this is required by the members of the partnership who hold at least one fifth of the total number of votes.
In case of secret ballot, the procedure for conducting it must ensure accurate counting of votes and reliability of the voting results.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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