In accordance with art. 3 of the Law “On joint-stock companies and protection of shareholders’ rights” No. 370 dated 06.05.2014 a joint-stock company is a commercial organization whose statutory fund is divided into a certain number of shares certifying the rights of shareholders in relation to the company. The Company is a legal entity and owns the separate property, including property transferred to it in the statutory fund, accounted for on its balance sheet, can acquire and exercise property and personal non-property rights on its behalf, bear obligations, be a plaintiff, and the defendant in court.
Corporate Law