What are dossiers of application for transfer of shares or contributed capital portions to foreign securities business organizations?
According to Article 10 of the said Regulation, shares or contributed capital portions in securities companies may be transferred to foreign securities business organizations at percentages prescribed by the Prime Minister. The sale of shares or contributed capital portions valued at over 5% of a securities companys charter capital must be approved by the State Securities Commission. A dossier of application for transfer of shares or contributed capital portions to a foreign securities business organization comprises: – An application for transfer of shares or contributed capital portions; – The resolution of the shareholders general assembly and decision of the Managing Board, for joint-stock companies; or decision of the company owner, for one-member limited liability companies; or decision of the members council, for limited liability companies with two or more members, on the transfer of shares or contributed capital portions to the foreign securities business organization; – A val
