The Verkhovna Rada of Ukraine has adopted the Law "On joint-stock companies"

17 September 2008, 13:06

The Law determines the order of joint-stock companies creation and their liquidation, their legal status, rights and obligations of stick-holders. 

It is regulated that the activity of the state joint-stock companies and state holding companies are regulated by this legislative act taking into the consideration the peculiarities determined by the peculiar laws.

According to the law, joint-stock company it is the economic enterprise, statute asset of which is divided among the certain amount of stocks of the same nominal value. Joint-stock company "can be formed by the promotion or merger, division or the transforming of  enterprising organization (organizations), state, municipal and other companies into joint-stock ones."

The company can be considered as created from the date of its state registration.

The corresponding bill is registered in The Verkhovna Rada of Ukraine, №0952.