Article 13. Increase and decrease in the authorized capital of a private enterprise

On private enterprise (558-II-son) · Date: 11.12.2003 · In force

The increase and decrease in the authorized capital of private enterprises is carried out according to the decision of the owner by making changes in the charter of a private enterprise.

If, at the end of the second and each subsequent financial year, the value of the net assets of a private enterprise is less than its authorized capital, the private enterprise is obliged to reduce its authorized capital to an amount not exceeding the value of its net assets.

The value of the net assets of a private enterprise is determined in the manner prescribed by law.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/4608601

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Cite as: Article 13. Increase and decrease in the authorized capital of a private enterprise On private enterprise (558-II-son). neolex.uz/en/laws/law-53152/13 (lex.uz/docs/4608601)