Amendment Of Public People And Shares In Capital Companies Management Act

Original Language Title: Grozījumi Publiskas personas kapitāla daļu un kapitālsabiedrību pārvaldības likumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2016/120.3

The Saeima has adopted and the President promulgated the following laws: the public people's capital shares and enterprises management in the law to make public a person's capital shares and enterprises Management Act (Latvian journal, 2014, 2015, nr. 216; 127 no) the following amendments: 1. Replace article 54, the words "and the number of transactions the Corporation exceeds two of the annual report 24. the law referred to in the second subparagraph of article criteria" with the words "Corporation according to the annual accounts and consolidated annual accounts Act criteria are medium or large corporation". 2. Replace article 63, first paragraph, point 2, the words "annual report law" with the words "of the annual accounts and consolidated annual accounts of the law". 3. Article 145 of the expression by the following: ' article 145. Tax payments as a result of the capitalization of the debt with the sale of shares (1) the tax charges emerged as a result of the capitalization of shares sold pursuant to this law, the provisions of Chapter XXIII. (2) a State or local government owned capital shares for the sale of the resulting features should include the relevant State budget or local budget. " 4. transitional provisions: exclude paragraph 2 subparagraph 2 paragraph "f"; Replace paragraph 11 in number and the word "January 1" with a number and the word "October 1". The Parliament adopted the law of 16 June 2016. The President r. vējonis 2016 in Riga on June 22.