Recovery of dividends

You are a shareholder and you count on receiving declared profit but
A COMPANY KEEPS POSTPONING DIVIDEND PAYOUTS OR
DOES NOT PAY THEM AT ALL?

You should know that YOUR RIGHT TO DIVIDENDS is SECURED BY THE LAW

Article 53. The Law of the Republic of Uzbekistan “On Joint Stock Companies and Protection of Shareholders’Rights” says: “A joint stock company must pay dividends declared for each type of stock”

Article 58 of the same Law states: “In case the issuer fails to pay dividends in the time period determined by the General Shareholders’ Meeting through its own fault, a penalty will accrue on the unpaid part of dividend based on refinance rates established by the Central Bank.

The Shareholder has the right to seek recovery of dividends declared by a joint stock company in a court of law. In case of refusal, the joint stock company will be subject to insolvency procedure or it will be declared bankrupt in the manner determined by the law”).

PROTECT YOUR RIGHT

TO RECEIVE DIVIDENDS!

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