State Gazette No. 84/2000

TRANSITIONAL AND CONCLUDING PROVISIONS

The claims under Art. 70 of the Commercial Law, filed before the entry into force of this Law shall be considered under the previous order.

The joint stock companies shall be oblige to comply their statutes with Art. 162 in one year term from the entry into force of this Law. In case of non-implementation of this obligation, a proprietary sanction  up to 2000 BGN shall be imposed.

If prior to the entry into force of this Law, a statute has empowered a supervisory board with the powers to increase the capital of a joint stock company, the powers shall retain until expiration of the term or until the amendment of the statute.

If prior to the entry into force of this Law, a prospectus for raising capital for founding of a joint stock company, has been approved by the State Commission on Securities, the founding shall be carried out under the previous order.

The claims on establishment filed under Art. 694 before the entry into force of the Law on amendment and supplement of the Commercial Law (SG 70/1998) shall be considered on the rules of the Law being into force before this date. The paid state fee shall be released and returned to payer.

The constraints against decision of the bankruptcy court on the terms of Art. 692 before the entry into force of this Law, shall be considered by the legal order being into force for the moment.

For the pending bankruptcy proceedings the term on Art. 688, Par. 1 shall begin from the entry into force of this Law.

---

Next: Über dieses Dokument ...
Up: LAWS ON AMENDMENT AND SUPPLEMENT TO THE
Previous: State Gazette No. 70/1998