Clarifies 17.01.1996., Latvia Journal No 8 (493) Cabinet of Ministers Regulations No. 11 1996 in Riga on January 5 (No 2., § 7.) the amendments to the law "on limited liability companies" Issued by the constitutional order laid down in article 81 (1). To make the law "on limited liability companies" (the Republic of Latvia Supreme Council and Government Informant, 1991, 9/10,/24.nr.; official release AROUND MP, 1992, no. 22; Latvian journal, 1994, 149. No.) the following amendments: article 14:1.1 1.1.1. to supplement the first part of paragraph 3 with the following: "3) Stock Exchange listed securities.";
1.1.2. to supplement the article with the fourth and fifth by the following: "4. the stock exchange listed securities may cover no more than 30 percent of the company's share capital.
5. the assets invested in Public investment, intellectual property and securities listed in the stock exchange becomes public property. ";
1.2. supplement article 34 in the first part of paragraph 4 by the following: "4) replacing the company's debts with the company.";
1.3. to supplement the law with article 34.1 (first instance) by the following: ' article 34.1. The company's share capital increase, replacing the company's debts with the company's shares 1. If the company's share capital is increased by replacing the company's debts with shares, share capital including the debts that you have chosen the company and replacements with a capital given its written consent to the selected vendor.
2. Increasing the share capital, in the form provided in this article, apply the same rules that you follow when capital is increased by new members.
3. Increasing the share capital, in the form provided in this article, share capital increase does not exceed the company's own capital more than twice. ";
1.4. supplement article 35, the first paragraph with the following content: "If the share capital is increased by replacing the show with public capital, new rules of engagement of the participants do not have to specify the second part of this article, provided for in article 4. ';
1.5. make article 53 the following: "article 53. Public recognition of the void 1. Each member of the public, members of the Executive meeting, the Audit Commission or auditor, as well as the companies registry and the Prosecutor's Office has the right to take legal action to accept shares in the company for the following cases: 1 if the company's Statute) is contrary to the requirements of this law;
2) if the legal relationship on which society is based, the Treaty is arguably under the requirements of the law.
2. A nonprofit organization, the national joint stock company "Privatization Agency" in respect of State property, as well as City Hall, district or Parish Council regarding their property have the right to take legal action to recognize the company as the first part of this article referred to in paragraph 2 in the case where the company created during privatization.
3. A claim for the recognition of society can bring: 1) the first subparagraph of this article referred to in paragraph 1 in the case — as long as the Statute of the company concerned does not meet the requirements of the law;
2) the first subparagraph of paragraph 2 in the case referred to in the two years after the company's registration in the register of the company, if the company has not created during privatization;
3) of the first paragraph of article 2 in the case referred to in paragraph — six years after the company's registration in the register of companies, where the company has created during privatization.
4. If a claim for the recognition for the way society non-profit organization public joint stock company "Privatization Agency", the City Council, district or Parish Council, the public prosecutor's Office, the national audit office or register, to do this the Latvian civil procedure code and in accordance with the procedure laid down in the said institutions are exempt from payment of State fees in these cases.
5. the meeting of members is entitled to address deficiencies of public statutes, making amendments thereto in accordance with the procedure laid down in this Act, if the action is brought the first part of this article referred to in paragraph 1.
6. If the Court ruling on the annulment of the public, the companies registry launches the process of liquidation, and then apply this law the provisions provided for in article 51.
7. If the company acknowledges, transactions on its behalf concluded with third parties, shall remain in force. "
2. make the law "amendments to the law" on limited liability companies "(Latvian journal, 1994, 149 no) the following amendments: 2.1 replace the transitional provisions in paragraph 1, the words ' until 1 January 1996" by the words "until May 1, 1996";
2.2. Transitional provisions be supplemented by paragraph 3 by the following: "3. To determine the rate of State fee for companies with limited liabilities capital increase up to 2000 lats registration in the business register, 10 dollars."
The Prime Minister A. Economic Minister slice g. shore