How is an Uzbek LLC closed?

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By the shareholders’ decision with a liquidator — by a court — or by the registrar after a year idle. Voluntary The shareholders decide — the general meeting resolves to liquidate and appoints the liquidator, on a proposal of the board, the executive or a shareholder. Liquidator Takes over the company — from appointment, all management powers pass to the liquidator, who acts for the company in court. Court Judicial liquidation — on the grounds legislation provides, including a shareholder count stuck above fifty. 1 year idle The registrar’s route — a company moved to inactive status for showing no business activity and not revived within a year is liquidated by the registrar’s decision, without a liquidator. Liquidation ends the company without its rights and obligations passing to anyone. The voluntary route runs through the general meeting — the liquidation decision and the liquidator’s appointment sit among its exclusive powers — and from the moment the liquidator is appointed, the management of the company’s affairs is theirs. The procedure itself follows the legislation on liquidation; a company with a state share takes a liquidation commission with a state-property representative on it. Two involuntary routes exist beside it: a court liquidates on the grounds legislation provides, and the registration authority itself liquidates a company that was moved into the inactive regime for absence of financial and economic activity and stayed there a year without reviving.

How is an Uzbek LLC closed?

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