Article 18. Responsibility for violation of the law of the Law on State Registration of Legal Entities and Registration of Branches and Representative Offices
It is not allowed to operate as a legal entity without state registration. The income received from activities without state registration is withdrawn to the income of the republican budget in accordance with the legislation of the Republic of Kazakhstan.
Failure to provide information on changes in the data of a legal entity within one month, entailing its state re-registration in accordance with the procedure established by law, is responsible in accordance with the laws of the Republic of Kazakhstan.
In case of illegal refusal by the registering authority of state (accounting) registration (re-registration) of legal entities, branches (representative offices), registration of amendments and additions to the constituent documents of legal entities, regulations on their branches (representative offices), the applicant has the right to demand compensation for losses incurred by him in court.
If the joint-stock company fails to submit documents for state registration of the issue of shares or assignment of national identification numbers to the authorized body for regulation, control and supervision of the financial market and financial organizations within the prescribed time, this company is subject to liquidation or transformation in accordance with the procedure established by legislative acts of the Republic of Kazakhstan.
The Law of the Republic of Kazakhstan dated April 17, 1995 No. 2198.
President
Republic of Kazakhstan
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