Article 69. Termination of activities of a Limited Liability Company Law on Limited and Additional Liability Companies
1. The grounds for termination of the activities of a limited liability partnership, in addition to the grounds specified in Articles 61, 68 of this Law, may be the following cases::
1) (excluded)
2) if, as a result of a reduction in the authorized capital, its size becomes less than the minimum amount provided for in paragraph 2 of Article 23 of this Law;
3) if the participants do not form the authorized capital of the partnership within the time limits established by paragraph 2 of Article 24 of this Law.
2. (excluded)
3. In the cases provided for in subitems 2) and 3) of paragraph 1 of this article, the participants must make appropriate additional contributions to the authorized capital within one year. Otherwise, the partnership is subject to liquidation by a court decision at the request of interested parties.
The Law of the Republic of Kazakhstan dated April 22, 1998 No. 220-1.
President
Republic of Kazakhstan
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