Articles | Open Access | DOI: https://doi.org/10.37547/tajpslc/Volume05Issue01-03

FEATURES OF THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS OF COMPANIES (LLC AND JSC)

Saidov Maksubbek Norboyevich , Independent Researcher At Tashkent State University Of Law Deputy Chairman Of Tashkent City Court, Uzbekistan
Saidov Maqsudbek Norboyevich , Toshkent Davlat Yuridik Universiteti Mustaqil Izlanuvchisi Toshkent Shahar Sudi Raisining O‘Rinbosari, Uzbekistan

Abstract

The article discusses the specifics of the rights and obligations of shareholders in business companies, the search for some problems in the exercise of their rights and ways to overcome them, ways to protect the rights of participants, including judicial protection and a legal mechanism for out-of-court settlement of disagreement between participants. The author discusses the basic rights of shareholders, ways to exercise them, as well as the obligations of shareholders in terms of scientific literature and the doctrine of Uzbek law. The author comes to the conclusion that a shareholder who has not completely contributed to the authorized capital of the company is liable to creditors for the company's debts. He believe that the rights and obligations of the participants should be considered in terms of the organizational and legal form of business entities, as the legislation gives the same rights and obligations to the shareholders of Limited liability companies (LLC) and Additional liability companies (ALC), and they differ from the rights and obligations of shareholders of JSC.

Keywords

Limited liability company, constituent document, share capital

References

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Saidov Maksubbek Norboyevich, & Saidov Maqsudbek Norboyevich. (2023). FEATURES OF THE RIGHTS AND OBLIGATIONS OF SHAREHOLDERS OF COMPANIES (LLC AND JSC). The American Journal of Political Science Law and Criminology, 5(01), 15–22. https://doi.org/10.37547/tajpslc/Volume05Issue01-03