What management bodies must an Uzbek LLC have?

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Two are mandatory: the shareholders’ general meeting and a director. Meeting The supreme body — capital, charter changes, appointing the director, approving the accounts and distributing profit are its exclusive powers. Director Runs the current business — any individual with full legal capacity, shareholder or not; acts for the company without a power of attorney. Optional A supervisory board and a collegial executive — exist only where the charter creates them; board members serve three years by default. Sole owner One shareholder decides alone — in writing, on everything the meeting would decide. Contracted Management can be an organisation — the meeting may pass the executive’s powers to a commercial organisation under contract. The general meeting of shareholders is the supreme body, and its exclusive powers cannot be delegated to the executive: the main directions of the business, the size of the capital, changes to the founding documents, forming and dismissing the executive bodies, approving the financial statements, distributing profit, deciding on an audit, and reorganisation or liquidation. Current business is run by the executive — a single director or, where the charter provides, a collegial body — accountable to the meeting. The director is elected by the meeting for the charter’s term, from among the shareholders or not, and must simply be an individual with full legal capacity — the article sets no other personal requirement. A supervisory board exists only if the charter creates one; its members are elected for three years by default, a quorum takes three-quarters of them, and executives cannot sit on it. In a company of one, the sole shareholder takes the meeting’s decisions alone, in writing.

What management bodies must an Uzbek LLC have?

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