Rada fails to adopt law on limited liability companies
People's deputies on May 25 refused to adopt as a whole the bill on limited liability companies (No. 466), sending it to second reading.
According to an Interfax-Ukraine correspondent, 184 people's deputies voted for the adoption of the document with the quorum being 226 votes, after which it was sent for revision by 235 votes.
Before this, the Rada failed to confirm a number of amendments supported by the relevant committee on economic policy.
Its head Andriy Ivanchuk noted rejection of these amendments worsens the bill, but if accepted, it would still be a significant step in improving corporate legislation in Ukraine, in which the activities of limited liability companies are still regulated by only 14 articles of the law on business entities dated 1991.
The bill on limited liability companies was supposed to settle the most massive form of doing business in Ukraine, since there are about 500,000 limited liability companies compared to 16,000 joint-stock companies. The most expected changes incorporated in the document are the possibility of signing corporate contracts, converting debts into capital, and creating a supervisory board.
Advertising
Advertising
MORE ABOUT
Rada doesn't consider bill on use of English language on Tuesday due to resonance of dubbing norm
20:58, 23.04.2024
Stefanchuk in PACE: Time for condemning Russian aggression passed, time come for united resistance to Russia's terror
19:47, 16.04.2024
Verkhovna Rada allows to partially resume customs inspections from May 1, 2024
20:46, 20.03.2024
European Solidarity demands Stefanchuk to return work of parliament to its legal course – statement
20:11, 13.03.2024
Rada proposes that criminal liability for possession of weapons for self-defense, its unlicensed production replaced by administrative liability – MP Ustinova
15:31, 12.03.2024
LATEST
Yermak, Szijjártó discuss key issues of Ukrainian-Hungarian relations
20:24, 03.05.2024
Currently five multi-role Russian fighters, Su-34, Su-35 aircraft are in Black and Azov Seas
19:53, 03.05.2024
Khortytsia group: In Krasnohorivka, some enemy groups managed to enter hide among remains of refractory plant; all measures being taken to drive enemy out of village
19:26, 03.05.2024
Borrell on behalf of EU due to cyberattacks by Russian-sponsored group ART28: We not to tolerate it, will use full range of responses
18:40, 03.05.2024
Enemy uses chemical munitions 444 times over past month – AFU General Staff