Article 95. Dependent Joint Stock Company of the Civil Code of the Republic of Kazakhstan
1. A joint-stock company is recognized as dependent if another (participating, prevailing) legal entity has more than twenty percent of its voting shares.
2. Excluded by the Law of the Republic of Kazakhstan dated December 28, 2011 No. 524-IV (effective after ten calendar days after its first official publication).
3. Excluded by the Law of the Republic of Kazakhstan dated December 28, 2011 No. 524-IV (effective after ten calendar days after its first official publication).
4. The specifics of the position of joint-stock companies dependent on and mutually participating in each other's authorized capitals, which are not provided for in this article, are determined by legislative acts.
5. The participating (predominant) legal entity is obliged, in accordance with the procedure provided for by laws, to publish information on the acquisition of more than twenty percent of the voting shares of the joint-stock company.
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