Baku/20.12.13/Turan : Parliament of Azerbaijan adopted on 17 December changes in AR Law "On State Registration and State Register of Legal Entities ," which caused a negative reaction among non-governmental organizations . However, the new statute, which is aimed at the head of state approval , reflects not only the position of tightening requirements of state registration of local and international NGOs, but also commercial entities .
According to the supplement to the Act, to changes in the founders' documents and facts made ??in the state register of legal persons , shall enter into force only after their state registration. Legal entities may not work on non- registered data. In case of non-registered data of the legal entity , it is called to account , but it does not prevent registration provided changes.
Milli Majlis in parallel introduces an addition to the Code of Administrative Violations. The Code was supplemented by a new article 200-2. According to it, in case of not providing treatment within the time and manner of the founder's made ??to change documents , as well as changes in the facts of registration of legal persons , officials can be fined from 1,000 to 2,000 manats , legal entities - from 2500 to 3000 manats .
Cases of failure to submit changes founders' documents in Azerbaijan is not rare . For example , one of the founders of Khatai Tikinti Mekhanizasiya in Baku Nizami Aslanbekov told Turan that in 2010 the general meeting of shareholders decided, according to which the share capital has been reduced. The fact has been registered by the State Committee for Securities in the registry of the securities issue . However, the board of JSC for unknown reasons still not applied to the Ministry of taxes to make changes to its charter. Thus, there are two conflicting data on the size of the authorized capital of JSC Khatai Tikinti Mekhanizasiya - 502 thousand and 427.5 thousand manats.
Note that in AR Law "On State Registration and State Register of legal entities" also made to provide for the delivery of print change in name of the legal entity , branches and representative offices of foreign legal entities . Otherwise, the change is not reflected . In addition, in the state register of legal entities will reflect information on the location of the permanent organ of the legal person . - 08D-
Economics
-
As part of the COP29 climate summit, Azerbaijan’s Minister of Economy, Mikayil Jabbarov, held a key meeting with Ibrahim Al-Isri, Chief Investment Officer of the Oman Investment Authority (OIA). The discussions underscored the growing economic collaboration between Azerbaijan and the Gulf Cooperation Council (GCC) countries.
-
Sources from two negotiation teams at COP29 reported to journalists on Tuesday, November 19, that the volume of the "New Collective Quantified Goal" (NCQG) for climate financing, being discussed this week in Baku, is unlikely to exceed USD 500 billion. This limitation is attributed to the negotiation stance of the U.S. delegation in light of the shift in power following the presidential elections in the United States.
-
G20 leaders, in their final declaration at the Rio de Janeiro summit on November 19, have issued a clear directive to their negotiators at COP29 in Baku: do not leave without agreeing on an ambitious "New Collective Quantified Goal" (NCQG) for climate financing, UNFCCC Executive Secretary Simon Stiell announced Tuesday.
-
A panel discussion under the theme "Heritage Development for a Sustainable Future: Agriculture, Culture, and Adaptation to Climate Change" was held as part of the 29th session of the UN Framework Convention on Climate Change (COP29). The event, organized at the ICESCO Blue Zone pavilion, focused on integrating agricultural heritage with modern practices to address climate change, biodiversity preservation, and sustainable development.
Leave a review