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Amendments To The Law "on Joint Stock Companies"

Original Language Title: Grozījumi likumā "Par akciju sabiedrībām"

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The Republic of Latvia Cabinet of Ministers Regulations No. 12 Riga, 10 January 1997 (No. 2 6. ¤) the amendments to the law "on joint stock companies" Issued by the constitutional order laid down in article 81 to make the law "on joint stock companies" (the Republic of Latvia Supreme Council and Government Informant, 1993, 24/25.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, no. 17; 1995, nr. 3, 20; 1996, no. 21) the following amendments: 1. Express article 11, the second subparagraph by the following: "2. If the company is incorporated in the State or local government as the sole founder, shares of the company's instruments of incorporation, its bylaws, and the order of the Cabinet of Ministers or the Municipal Council (Council) decision on the formation of public limited liability companies, but if the shares of the company on behalf of the State of establishment of the non-profit organisation State joint stock company" Privatization Agency ", investing in shares of the company share capital for the formation of the privatization of the State property transferred -the company's statutes and decisions of the Management Board of the Agency of privatisation. "
2. Express article 15 the second subparagraph by the following: "2. the provisions of the first subparagraph shall not apply if the company is founded by transforming existing businesses or companies, as well as a limited company if the shares of the company on behalf of the State of establishment of the non-profit organisation State joint stock company" Privatization Agency ", investing in shares of the company share capital for the formation of the privatization of the State property of the cast."
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