19 May 2011, 10:35
The Law fixes the efficient mechanism of exchange of documents (announcements, information) between the state registrars, state tax service bodies, and the Pension Fund which confirm impossibility to hold unscheduled inspection by the supervisory bodies due to termination of a business entity.
The Law also shortens the period for the supervisory bodies to inspect the business entities to be terminated. The Law harmonizes such period with the ones established by the legal entity founder, court, bodies that adopted a decision to terminate the business entity, or sole proprietors as to the term of creditors´ claims.
Moreover, the Law cancels the compulsory balance sheet clean-up before the termination of an entity if it adheres to a simplified tax system.
The concept of legal nullity shall be regulated by the respective amendments to the Civil Code of Ukraine.
The draft is registered under Reg. No. 8295.