The Saeima has adopted and the President promulgated the following laws: Law in commercial law (Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2000, no. 11; 2001, 3, 8, 15 no) the following amendments: 1. Replace the entire text of the Act, the word "komanditsabiedrīb" (the fold) with the words "limited partnership" (fold), the word "komandit" (fold) with the word "NUW appear jointly" (the fold) and the word "delkreder" (the fold) with the word "delkrēder" (the fold).
2. Supplement article 1 second subparagraph with the following sentence: "the business is one of the businesses."
3. To make article 3 first paragraph as follows: "(1) the business is regulated by this law, civil law and other laws, as well as the Republic of Latvia of the binding rules of international law."
4. To make article 4 the third subparagraph by the following: "(3) the law may require certain types of commercial activity that requires a permit (license) or that the merchant may be carried out according to the requirements laid down in the law."
5. in article 8: make the second part of paragraph 5 by the following: "(5) the members of a partnership) name, surname, personal code and residence, but a legal person — name, registration number and registered office, which are specifically authorized to represent a partnership, whether they have the right to represent the partnership, jointly or individually, jointly with prokūrist, or who are excluded from representation;"
make the third subparagraph of paragraph 4 by the following: "4) members of the Board of the Corporation's name, surname, personal code and residence, which are in accordance with the Statute is expressly authorised to represent a corporation, whether they have the right to represent the Corporation, jointly or individually, jointly with prokūrist;";
turn off the third part 6;
adding to the fifth subparagraph of paragraph 1, the words "and the reference to article 34 of this law referred to in the second subparagraph, if any award granted."
6. in article 11: make the first part of the first sentence by the following: "All records in the commercial register shall issue the newspaper" journal ", while those publishing electronically.";
to supplement the article with the third part as follows: "(3) the amount of costs and arrangements shall be determined by the Cabinet of Ministers."
7. Supplement article 12 the fourth paragraph by the words "If the sender documentary proved that such transfers are carried out".
8. Supplement article 16 with the words "If this law is not otherwise specified."
9. Make the text of article 18 as follows: "the company's organisational entity. The company includes the operator-owned tangible and intangible, as well as other economic benefits (values) that the merchant uses the business. "
10. Express article 20, the first paragraph by the following: "(1) If a company or an independent part over the other person's possession or use of, the company responsible for all the company's acquiring its own shares or obligations. However, for those liabilities incurred before the company or its independent parts of the transition to another person's property or to the package and which are due or condition occurs within five years of the company, the company and the company acquiring a traitor answer jointly, if transition unless otherwise specified in the contract. "
11. Make the text of this article 22: "branch is the organizational autonomy of territorial or otherwise cut off from the main company and the location where the operator's name in the business is being conducted systematically."
12. Replace article 26, first paragraph, the word "he" with the word "it".
13. Put the name of article 28 by the following: ' article 28. Company atšķiramīb ".
14. Express article 30 the third paragraph as follows: "(3) If the existing partnership in a new personal responsibility or any of the members personally liable members withdraws from the partnership can continue to use the existing firm. If a member withdraws from the partnership, whose first name, last name (name) included in the firm, the firm's current usage requires this membership, but upon his death, the heirs of a written consent if the Treaty does not provide otherwise. "
15. Article 38: put the name of the article as follows: "article 38. Application for issue of prokūr, represent the change in the prokūrist and prokūr ended, recording "in the commercial;
make the third paragraph as follows: "(3) changes to prokūrist and prokūr represent the ending he logs on to record in the commercial register."
16. Article 39: Add to the article with a new second subparagraph by the following: "(2) After the death of the individual merchant prokūr remains in effect.";
consider the second part of the third part and the off the words "but not with the Merchant".
17. Make 75 the first part of the article as follows: "(1) a natural person who carries out an economic activity, are obliged to sign up for myself to record the individual merchant in the commercial register as if the annual turnover of the business activities carried out more than 200 000 lats or its economic activity meet the following characteristics: 1) annual turnover from these activities exceeds 20 000 lats;
2) his business activities while employing more than five staff. "
18. the express article 87, the first paragraph by the following: "(1) the decision requires the consent of all members of the public, which is entitled to take the decision."
19. Article 88 of the Present third paragraph as follows: "(3) If a member of the public to the distribution of profit is not paid his contributions he had paid in accordance with the company's contract, it along with the percent is withheld from a member of the entire margin."
20. Make 115. the second subparagraph by the following: "(2) the public accounts and other documents shall be deposited in one of the society's members, third parties or the national archives."
21. in article 143: Add to the first part of paragraph 3 with the words "the number of shares and nominal value";
Add to the second part of the sentence the following wording: "the founding signatures to which the notary public or pagastties.";
turn off the fourth.
22. Article 144: turn off the first part of paragraph 5;
make the third paragraph as follows: "(3) the setting up of the company, shall be signed by all founders of the Statute, specifying the date of signing. The signatures of the founders of the public demonstration to the notary or pagastties. "
23. in article 146: replace the words "in the name of the article to registration" with the words "to submit" the application for registration;
make the second paragraph as follows: "(2) the society with limited liability share capital 50 percent chargeable to the filing of the application for registration. The rest must be paid within one year from the date on which the company recorded in the commercial register. "
24. Replace article 147 in the first paragraph, the word "Treaty" with the words "application for registration".
25. the express article 149 of the third subparagraph of paragraph 6 by the following: "Board members 6) notarized signature sample;".
26. Article 150: replace the first paragraph, the words "a quarter of voting" with the words "divdesmitdaļ from";
consider the current fifth for the second sentence of the fourth paragraph.
27. Express 154 fifth article as follows: "(5) a limited liability company in the commercial register submitted to the authority in the opinion on the property investment appraisal shall be published in the newspaper" journal "of Latvia."
28. Make 156. the second subparagraph by the following: "(2) If a person does not pay the part referred to in the first subparagraph within the time limit set out in the Board, it loses the right to that part which goes public. As part of the new winner paid the sale price, the company deducted one-fifth of the sales price and the remaining amount is paid to the participant. "
157. Article 29 off the first and third paragraph, the words "limited".
30. off 158.159. Article 160, and.
31. Article 161: turn off the first part;
to make the fourth and fifth by the following: "(4) dividends may not be calculated and paid from the annual report that the company's equity is less than the share capital paid.
(5) the members of the dividends calculated once a year. Dividends payable in cash only, on the basis of the decision on the allocation of profits. "
32. off 163 in the third paragraph of article 176 article, fifth subparagraph, article 270 in the first paragraph, in the second paragraph of article 274, 275 and 282 article article in the sixth paragraph, the words "voting".
33. Make 168. the first, second and third subparagraphs by the following: "(1) a Person who, with the evil intention of achieving that, Board Member, prokūrist or komercpilnvarniek to act contrary to the public interest, or those members of the public response to the behaviour of such damage.
(2) If the first paragraph of this article is the basis of the Board of directors or Council members accountable for prosecution in accordance with article 169 of this Act, he shall be responsible jointly and severally with the person who used its influence. If there are grounds to prosecute prokūrist or komercpilnvarniek, they are jointly and severally responsible with the person who used its influence.

(3) a Board Member, Council Member, prokūrist or komercpilnvarniek is not responding in accordance with the second paragraph of this article, if it is shown that acted as a good and thorough landlord. "
34. Make the text of the article 169 by the following: "(1) the Board and the Board must fulfil their responsibilities as well, and a careful owner.
(2) members of the Management Board and Council jointly and severally liable for the damage they caused to the public.
(3) the Board and the Board does not respond in accordance with the second paragraph of this article, if it is shown that acted as a good and thorough landlord.
(4) the Board and the members of the Council are not responsible for damage if done in accordance with a lawful decision of the meeting of members. The fact that the Council has approved the action of the Board, does not exclude the responsibility of the members of the Executive Board of the society. "
35. Replace article 170 in the second subparagraph of paragraph 3, the word "Board" with the words "meeting of members".
36. Add to article 171, first paragraph, introductory paragraph, after the word "members" with the word "meeting".
37. Article 172: replace the seventh paragraph, the words "with the Court's finding of abuse or neglect" by the words "which found evil intent or gross negligence";
turn off the eighth.
38. in article 173: to supplement the first subparagraph following the words "in respect of" with the words "or to take a decision on the conclusion of the settlement";
Add to the second paragraph after the words "of" with the words "or on the conclusion of the settlement".
39. Article 180: turn off third-parts 2 and 3;
turn off the fifth.
40. Article 182: off in the third paragraph, the words "and the total minimum reserves";
to supplement the article with the fourth paragraph as follows: "(4) in the first and in the third paragraph, these obligations do not apply to the cost of the players against which obligations arising otherwise than from the membership of the society."
41. in article 183: replace the second paragraph, the words "tenths" with the word "divdesmitdaļ";
make the third paragraph as follows: "(3) where the Board disagrees with the audits, it shall immediately convene a meeting of participants to include on its agenda the question of audit. If Members reject the request for the meeting, a minority of members representing not less than one divdesmitdaļ of the share capital, may require a commercial register authority asked to audit the Auditors, included in its approved list, or invite the auditor who complies with this law, article 176 third subparagraph. ";
supplemented with the sentence of the fourth subparagraph by the following: "If an auditor has been invited to the same members, such an audit to be carried out at the expense of the participants."
42. Make 186. the second subparagraph by the following: "(2) part of the indivisible, and they are all part of their name."
43. Article 188 off fifth.
44. Article 189: to supplement the first sentence with the following: "Board is obliged after receiving such notice immediately to make known to all members.";
make the third paragraph as follows: "(3) If two or more players want to use pre-emptive right, but the number of shares being sold is not enough, so they divided proportionally, the Board between these actors hold closed tender for the remaining parts that can not be split proportionally."
45. the express article 191, the following text: "(1) the participant's death his part over the legacy of his heirs, if not in the statutes stipulated that part go public. If the Statute provides that the part of the deceased member go public, the company is obliged to pay compensation for the heirs of the liquidation quota that receive the deceased participant disclosure at the time of succession.
(2) parts, with no heirs, agrees. The country is not to vote, and by laying down rules on representation, this part is not taken into account.
(3) parts obtained the State offered for sale to existing members not later than two months after acquiring them. On behalf of the State in question in this part of the sale of State authority. "
46. Article 192: to supplement the first part with a new paragraph 2 as follows: "2) in the event of death of the participant, if the Statute provides that the part of the deceased member go public;";
consider the first part of the current 2., 3., 4. and 5 points respectively for the 3, 4, 5 and 6.
47. Make text of article 194 as follows: "the Member shall have the right to receive information of the Board of the company and look at all the public documents. This right may be limited in each case to a meeting of members, the decision if there is reasonable suspicion that participant information could be used contrary to the purpose of the society, causing public or within the same group as the entity, or significant damage to third parties or loss. "
48. in article 197: express the first part of paragraph 2 as follows: "2) after the annual report or exceptional approval of the balance sheet by increasing the nominal value of the shares, the share capital, in part or in full, including the positive difference between the equity and share capital;"
turn off the fifth.
49. Make 199. the third paragraph of article as follows: "(3) if the participant does not make use of prior rights, want to get two or more other members, the members in proportion to the divided these suspension parts. If the number of shares being sold is not enough, so they divided proportionally, the Board between these actors hold closed tender for the remaining parts that can not be split proportionally. "
50. Article 210: Add to the introductory part of the first subparagraph, before the words "Member" with the word "Only";
make the first part of paragraph 6 by the following: "6) auditor, the company's controller and the election and recall of the liquidator";
turn off the first part of paragraph 8;
Add to the second sentence of the second paragraph after the word "members" with the words "who voted for this decision".
51. To exclude article 211, second paragraph, first sentence, the words "or the closing of the transaction between him and society".
52. Add to 212. the third paragraph of article with the sentence as follows: "the power is not required for persons whose participants represented legally. These people present a document certifying the right of representation. "
53. the express article 213 of the third subparagraph of paragraph 1 by the following: "1) public damage exceeds half of the company's share capital;".
54. Article 219 of the expression as follows: "article 219. The convening of the meeting of members if the company suffered damage if the damage exceeds half of the company's share capital, the Board shall report to the Council about it (if one exists) and convene a meeting of members, which provides a clarification. "
55. Article 221: make the first paragraph by the following: "(1) the Board is the executive body of the company, which manages and represents the community.";
to make the fourth and fifth by the following: "(4) The Management Board may not be a member of the Board of that company, the company's auditor, the person with the judgment of the Court of Justice has been deprived of his right to the type of business or all types, and the Group's ruling Council member of the company. The statutes may provide for the Board members to apply stricter limits.
(5) the Board has an obligation to provide information about the meeting of the parties to the transactions concluded between the public and the members of the Board or the Management Board. ';
to make the seventh subparagraph by the following: "(7) the members of the Board shall elect from among its members a Chairman of the Management Board, which organises the work of the Board. The statutes may provide that the Chairman of the Executive Board shall be appointed by the Council, if one has been created. ";
to make the eighth subparagraph, the first sentence as follows: "the Member shall have the right to remuneration which complies with his obligations and the financial situation of the company.";
turn off the ninth and tenth;
to supplement the article with the eleventh subparagraph by the following: "(11) If the executive body of the company is a member, he is the Managing Director of the company with a 221-224 in article delegated rights and obligations."
56. Article 222 of the expression by the following: ' article 222. The Board's right to manage the Society Board members run the company only jointly. "
57. Make 223. article as follows: "article 223. Board representation rights (1) All members of the Board are the representation rights. Board members represent the company jointly, if not otherwise specified in the statutes. The statutes may provide that the public represented by the members of the Management Board jointly with prokūrist.
(2) in the case of a joint representative may empower the members of the Executive Board from among its members one or more Board members to conclude certain transactions or certain kinds of transactions. This provision is applicable even if the society represents the members of the Management Board jointly with prokūrist.
(3) the right of representation of the Board with respect to third parties cannot be restricted. Statutory right of members of the Management Board to represent the company jointly or separately, or together with prokūrist is not considered to represent a restriction of the Board for the purposes of this article.
(4) in relation to the public members of the Board must respect the limits of representation in the statutes, members, meetings and decisions of the Council. "
58.224. Article: make the first paragraph by the following:

"(1) a meeting of members to be elected by its decision and reference board members, as well as the changes to the representation rights (223). By submitting an application for the commercial register Authority Board members term of office ending changes the representation rights or for a new election of members of the Management Board, the members to be added to the meeting minutes excerpt with the decision. ";
Add to the second sentence of the second paragraph, after the words "the number and article 171" with a number and the words "and article 221 of the fourth part";
turn off the fifth and seventh;
make the second sentence of the sixth paragraph the following wording: "for the following reasons, in any case, be considered a violation of the terms rude, failure or improper performance, could not control the company, damage the public interest, as well as the loss of confidence."
229.59. Express the first paragraph by the following: "(1) registered shares may be in paper form or in dematerialised."
60. Replace article 233 section 1 of part IV, article 246 title and text, and article 252.253. name and text, 257. the first paragraph of article 6, paragraph 9, article 258, the second part of the first subparagraph of article 370 and 374 in the first subparagraph of article the words "pre-emptive right" (fold) with the words "prior rights" (fold).
61.235. Article: Add to the first paragraph of paragraph 2, after the word "category" with the word "number";
replace the third paragraph, the words "the composition of the shareholders or of the changes to the number of shares owned by shareholders" with the words "shareholder register records";
turn off the fourth.
62. in the second paragraph of article 238: replace the first sentence, the words "registered shares" with the words "for disposal of shares for sale to the words" and the words "pre-emptive right to dispose of the shares" — with the words "pre-emptive rights to the shares sold";
Replace in the second sentence, the word "forfeiture" with the word "sale";
Add to part with the third sentence as follows: "the Board after such notification shall immediately announce it in this article 252 of the Act."
63. Article 240 off the third and sixth paragraph, the words "and the total minimum reserves".
64.241. Article: Add to the first paragraph, after the words "or otherwise" with the words "directly or indirectly";
to turn off the second part.
65. Supplement article 244. with the third subparagraph by the following: "(3) the provisions of this law on convertible bonds also apply to other securities that can be exchanged for shares of the company."
66. Article 250 of the fourth turn.
67. in Article 251: express the title as follows: "Article 251. Prior rights of shareholders ";
make the first part as follows: "(1) the share capital up to date in case the shareholder shall have the right to buy the new issue shares in proportion to the shares belonging to him the amount of the nominal value.";
to turn off the second part;
make the third paragraph as follows: "(3) if any of the deadlines, the shareholders do not exercise their right, the new issue of shares in the share capital increase in accordance with the procedure laid down in the provisions proposed for signing those previous shareholders, who have priority."
68.253. Express the first paragraph by the following: "(1) the prior rights of shareholders can not cancel or restrict the Treaty, statute, or by a decision of the general meeting. Increasing the share capital of this law, in the second paragraph of article 254, in the cases provided for, shareholders have no pre-emptive. "
69. Replace article 254 and 257 in the text the words "new shares" (fold) with the words "new issue shares" (fold).
70. off 254. the second paragraph of article 4 and paragraph 5.
71.255. Article: make the first paragraph by the following: "(1) the company may issue shares of staff. Staff stock options can be obtained only public employees and members of the Management Board. ';
make the third paragraph as follows: "(3) the staff shares are issued to the company's net profits."
to make a fifth by the following: "(5) the public payment of staff shares, the company's own capital must not be less than the share capital subscribed.";
to make the seventh and eighth by the following: "(7) Shareholders may dispose of staff shares, if the statutes are not under restrictions.
(8) where the legal relationship between the company and the employee is terminated or a member of the Board of the company is revoked or left the post for pre-emptive purchase employee or Board member of staff shares are owned by the public. "
72. Article 256 off.
73. the first subparagraph of article 257: make paragraph 5 by the following: "5) the nominal value of the shares of a new issue, the sales charge and a minimum contribution to be made by subscribing to shares;"
Supplement 6, 7 and 8, before the word "share" with the words "new issue".
74. off the third subparagraph of article 259.
75. Article 262: make the first part of paragraph 1 by the following: "1) public getting and deleting own shares;";
to make the fourth subparagraph by the following: "(4) in the event of a reduction of share capital to pay shareholders the nominal value of the shares may be deleted only after you have fully made this law, as laid down in article 264 of the creditor protection measures."
76. article 268: make the first part of paragraph 3 as follows: "3) Board members, auditors, auditors and liquidators of the public election and recall; ';
turn off the first part of paragraph 5.
77. Article 271 of the express as follows: "article 271. The convening of the general meeting if the company suffered damage if the damage exceeds half of the company's share capital, the Board shall notify the Council and convene a shareholders ' meeting to provide clarification. The shareholders ' Meeting decides on damages or adopt one of the following decisions: 1) on the grant of the corresponding provision of the company;
2 reduction of the issued share capital) on;
3) of the company's winding up and liquidation or reorganization;
4) for bankruptcy (if found signs of insolvency). "
78. Article 273: in the fourth paragraph, replace the words "the meeting agenda included issues" with the words "on amendments to the statutes of the society (the sixth paragraph of this article)";
to make a fifth by the following: "(5) shareholders are entitled to draft decisions to free at least 14 days before the meeting."
79. Add to article 275 of the words "If the statutes do not determine representation in the margin".
80. Article 276: make the third subparagraph of paragraph 1 and 2 as follows: "1) Board members, auditors, Inspector of the public or the liquidator, if the withdrawal in the same meeting elected new members of the Council, a new auditor, inspector or the liquidator of the company;
2) bringing to the Council and the members of the Management Board, the company's controller, Auditor, liquidator or if in the meeting addressed the question of the company's annual report; "
to make the fourth subparagraph, the first sentence the following wording: "If a shareholder for at least seven days before the general meeting shall submit to the Management Board, the Executive Board a request in writing no later than three days before the shareholders ' meeting gives him all the required information relating to the issues on the agenda."
81. Make 277. the second subparagraph by the following: "(2) Board members and Auditors, as well as at least one member of the Council is obliged to participate in the general meeting. Non-compliance with this rule is not grounds for annulment of the general meeting does not have occurred or to contest the decision. "
82. Add to article 278. fourth paragraph after the word "signature" with the words "referred to in the third subparagraph."
83. Article 279: Add to the article with a new second subparagraph by the following: "(2) the shareholders ' meeting voting rights to those shareholders who recorded this Law 278. the third paragraph of article that list.";
consider the current second and third respectively on the third and fourth.
84. off 280. the second paragraph of article 4.
85. in article 283: replace the third subparagraph of paragraph 3, the words "further development of the strategy and prospects" with the words "development prospects";
Supplement to the third part of paragraph 4 by the following: "4) transactions entered into between the company and the shareholders, the Board or the Management Board. ';
in the fourth paragraph, replace the words "shareholders meeting" with the word "Court".
86. Supplement article 284 the fourth paragraph after the word "members" with the words "the Auditor, the company's controller".
87. Article 285: to complement the second paragraph after the words "as well as" with the words "at least";
make the third paragraph as follows: "(3) the Protocol shall be accompanied by a list of the shareholders, in accordance with the law, and article 278. documents relating to the shareholders meeting."
88. Article 286: to replace in paragraph 1, the words "public interest" with the words "public interest";
replace 1, 4 and 6, the word "and" with the word "or".
89. Make 287. the first paragraph of article 6 paragraph 5 by the following: "5) shareholder who wrongly refused to provide his requested — this law, article 286, paragraph 7, case;".
90. Article 290 of the expression by the following: ' article 290. The responsibility for the decision of the general meeting does not justify a challenge

For damage incurred to the public shareholders ' meeting decision due to the opposition unjustified, the applicant jointly and severally responsible, if they claim to originate in evil or gross negligence. "
91. Article 292: replace the first subparagraph of paragraph 1, the word "monitor" with the words "monitor";
Add to the first part of paragraph 4, the words "and to represent the company in legal relations with other members of the Executive Board";
turn in the second paragraph, the word "voting".
92. Article 296: turn off the second sentence of the third paragraph;
to make a fifth by the following: "(5) the vote shall for all the listed candidates one of the members of the Council vote. A shareholder is entitled to transfer all their votes for one or more of the Council members on the list of candidates in any proportion in whole numbers. ";
to make the ninth subparagraph by the following: "(9) If a member leaves or is removed from Office before the expiry of the term of the Council, creating a new election of the members of the Council, which consists of all of the Council directly elected."
93. in 299. Article: Add to the second sentence of the third paragraph with the words "and if this action is appropriate for documentary fixed";
express the sixth part as follows: "(6) the Council sitting of the signing the Council members who participated in the meeting of the Council."
94. To express 303. article as follows: "303. article. Board representation rights (1) All members of the Board are the representation rights. Board members represent the company jointly, if not otherwise specified in the statutes. The statutes may provide that the public represented by the members of the Management Board jointly with prokūrist.
(2) in the case of a joint representative may empower the members of the Executive Board from among its members one or more Board members to conclude certain transactions or certain kinds of transactions. This provision is applicable even if the society represents the members of the Management Board jointly with prokūrist.
(3) the right of representation of the Board with respect to third parties cannot be restricted. Statutory right of members of the Management Board to represent the company jointly or separately, or together with prokūrist is not considered to represent a restriction of the Board for the purposes of this article.
(4) in relation to the public members of the Board must respect the limits of representation set out in the Charter, the shareholders ' meeting and the decisions of the Council. "
95. in article 305: put the title and first paragraph as follows: "article 305. Election of Board members and representation (1) Board members shall be elected by the Council. ";
Replace in the second sentence of the second paragraph in the numbers and the word "and" with 304 309. numbers and the word "171. and 304.";
to turn off the second sentence of the third paragraph;
turn off the fifth.
96. Express 306. the second subparagraph by the following: "(2) For important reasons in any case be considered as a violation of the terms, gross failure or improper performance, could not control the company, damage the public interest, as well as in the meeting of shareholders expressed no confidence."
97. the express article 307 as follows: "article 307. The composition of the Board and represent the change in the composition of the Board of the change notification and the representation rights of the Board apply the uzņēmējreģistr authority in the list of the members of the Management Board and the relevant Council decision or statement by the members of the Board. "
98. Article 308 be expressed in the first paragraph by the following: "(1) the Management Board shall have the right to reimbursement under his burden and the public financial situation."
99. off 309. the first and second subparagraphs.
100. Replace 326, 328, 330..,. 347. Article 332 and the word "balance" (fold) with the words "financial statement" (fold).
101. article 345 of the name off the word "interest".
102. To make 348. the first paragraph by the following: "(1) if there is one in the acquiring company, it may be used after the reorganization of the company being acquired."
103. article 375: to replace the title of the article the word "unification" with the word "reorganization";
replace the article's text, the words "the same for parts of" with the words "their parts belonging to it".
The Parliament adopted the law on 14 February 2002.
State v. President Vaira Vīķe-Freiberga in Riga, March 1, 2002 Editorial Note: the law shall enter into force on the 15 March 2002.