Only 424 joint stock companies meet requirements of legislation on minimal size of charter capital
06/01/2010 14:52
Only 424 joint stock companies meet requirements of legislation on minimal size of charter capital
06/01/2010 14:52
Tashkent, Uzbekistan (UzDaily.com) -- As of 4 January 2010, the charter capital of only 424 joint stock companies out of 1,619 meet requirements of the legislation, the Central Depository of Uzbekistan said.
Central Depository carried out monitoring on implementation of the decree of the Uzbek President “On measures for further improving financial sustainability of enterprises of real sector of economy” from 18 November 2008. The document set that newly created open joint stock companies and closed joint stock companies should form their charter capital at the equivalent of US$400,000 from 1 January 2009.
In line with the document, existing open joint stock companies and closed joint stock companies should raise their authorized capital to the equivalent of US$400,000 at the exchange rate of the Central Bank of Uzbekistan or re-organize the enterprises to other forms of property.
Central Depository said it analyzed the charter capital of the joint stock companies to adherence of them to legislation. The depository said 424 joint stock companies out of 1,619 registered at the Central Depository met the requirements of the legislation. Their total volume of their charter capital made up 5.639 trillion soums or 97.1% of total authorized capital of joint stock companies.
Central Depository underlined that 170 joint stock companies with charter capital of 87.7 billion soums or 1.5% of total authorized capital of joint stock companies have potential to meet requirements of the decree.
The depository added that 1,025 enterprises with authorized capital of 78 billion soums or 1.3% of total volume of authorized capital of joint stock companies hardly can raise their charter capitals to the minimal size, set by the decree.
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |