The Committee on Economic Policy recommends the Parliament to recommit the Bill on Amendments to the Law "On Joint-Stock Companies" (re Order of using the Profit of a Joint-Stock Company)

05 October 2011, 15:13

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The bill (Reg. No. 9005) supplements clause 30 of the Law "On Joint-Stock Companies" with the norm, whereby decision on using the profit of a joint-stock company for the purposes other than dividend distribution is adopted by more than three quarters of the total number of stock-holders.

 

The committee members stated that the suggested principle of passing decisions at the general meeting of stockholders "by the total number of stock-holders" contradicts the general principle of voting established by the Civil Code of Ukraine and the Law "On Stock Holders."