LLC ADB Broker announced its transformation into CJSC Demir Investisiya Sirketi. This application is given for participation in the securities market and corresponds to the entry into force of the Law of Azerbaijan Republic "On the Securities Market".
In addition to changing its name and legal form of organization, it also increased the authorized capital from 170,000 to 230,000 manat.
According to the law promulgated this month, a brokerage company is to be transformed into an investment company. This demand has been fulfilled by two companies (Azfinance Investisiya Sirketi and Demir Investisiya Sirketi).
CJSC Demir Investisiya Sirketi has been valid from 2004 and is a subsidiary of OJSC Demir Bank. The company owns 300 shares of CJSC Baku Stock Exchange at a face value of 200 manat each. The company has a license for brokerage and dealer activities. ----08B
Economics
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