What's new in the updated version of the Law on Agricultural Cooperatives in Uzbekistan?

게시됨 2024년 11월 12일

Tridge 요약

Uzbekistan has passed a new law on agricultural cooperatives, replacing the 1998 version, which will come into effect on February 12, 2025. The law defines cooperatives as commercial organizations for agricultural activities with a minimum of seven members. The new law allows members to have one or more votes based on share contribution, and allows the appointment of representatives for those with over 200 members. Cooperatives can now engage in various activities including cultivation, storage, processing, and sale of agricultural products. The law also outlines the requirements for transactions, documentation maintenance, reporting, and the procedures for reorganization and liquidation. The government can support cooperatives through target programs, benefits, and tax incentives.
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원본 콘텐츠

As EastFruit reported, on September 30, 2024, Uzbek senators approved amendments to the law "On agricultural cooperatives". The other day, the President of Uzbekistan signed this law in a new version. The document has already been officially published. The law will replace the current document from 1998. The new legislative act will come into force three months after publication - from February 12, 2025. Spot.uz has compiled the main provisions of the updated law. An agricultural cooperative is defined as a commercial organization based on share contributions for agricultural activities. The minimum number of cooperative members is 7 individuals or legal entities. Cooperatives may also include members who invest and are not directly related to the activities of the cooperative. The terms of their participation, including the amount of the share contribution, voting rights and the right to dividends, are determined by the charter of the cooperative. Read also: Potato production in ...
출처: Eastfruit

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