Limited liability companies to be able to issue bonds

Chisinau, June 3 / MOLDPRES /- Parliament adopted yesterday in second reading the draft amendments to the Law on Limited Liability Companies and the Law on the Capital Market, which refers to the detailed regulation of the powers of the governing bodies of limited liability companies in the context of issuing corporate bonds.

According to the National Financial Market Commission, the document states that the issue of bonds will be decided by the decision of the general meeting of shareholders, and the issuance procedure will be carried out on the basis and according to the provisions of the company's statute.

At the same time, the proposed amendments regulate the issues regarding the limits and protection of the right of holders of information bonds; the company's documents, which regulate the particularities of issuing the bonds; distribution of net profit in the event of unpaid bonds; the powers of the general meeting with regard to the issuance of bonds; liability of the company's administrator for breach of the rights of the bondholders; the investment with executory formula of the sale-purchase contract of the bonds.

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