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Home / Codes / Article 166. Affiliated companies of legal entities of the Entrepreneurial Code of the Republic of Kazakhstan

Article 166. Affiliated companies of legal entities of the Entrepreneurial Code of the Republic of Kazakhstan

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 166. Affiliated companies of legal entities of the Entrepreneurial Code of the Republic of Kazakhstan  

     1. For the purposes of this section, affiliated companies of legal entities with more than fifty percent of the shares (shares in the authorized capital) owned by the state are understood to be legal entities in which more than fifty percent of the shares (shares in the authorized capital) are owned directly or indirectly by legal entities, more than fifty percent of the shares (shares in the authorized capital) which belong to the state.

     2. Indirect affiliation means that each subsequent affiliated person owns more than fifty percent of the shares (shares in the authorized capital) of another legal entity.  

 

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Republic of Kazakhstan     

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