Amendments To The Commercial Law Of The Entry Into Force Of The Act

Original Language Title: Grozījumi Komerclikuma spēkā stāšanās kārtības likumā

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

The Saeima has adopted and the President promulgated the following laws: the amendments to the commercial law of the entry into force of the law in order to make the entry into force of the commercial law of the order (the Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2002, no. 2; 2004, nr. 9, 23; 2005, no. 14; 2009, 1., no. 24) the following amendments: 1. in article 21: the name of the article be expressed as follows: "article 21. The minimum size of the individual capital corporations ";
turn off the first and second subparagraphs of paragraph 3;
to supplement the article with the third part as follows: "(3) the Corporation, which provides consumer lending services, pay the minimum issued share capital is 300 000 LVL, other than consumer protection law of article 8 part 1, 1.1, 2, 3, and 4 merchants referred to."
2. transitional provisions be supplemented with 10 and 11 by the following: ' 10. Corporation that provides consumer lending services until the special permission (license) for the submission of the application in accordance with the consumer protection law, but no later than 1 November 2011 to ensure compliance with this law, the share capital article 21, third paragraph.
11. The Cabinet of Ministers to 2014 may 1 to draw up and submit to Parliament a draft law on consumer lending, which sets it in the share capital of a capital company pay the minimum size, which provides consumer lending services. "
The law shall enter into force on the day following its promulgation.
The Parliament adopted the law of July 8, 2011.
The President a. Smith in 2011 July 20.