Why is a company registration refused in Uzbekistan?

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Accepted Answer

On a closed list of grounds. Anything outside it — including "inexpedient" — is not a lawful refusal. Duty The state duty unpaid, or paid short. Incomplete Documents or information filed short of what is required. Address The address in the founding documents absent from the tax and cadastre databases. Name The law on company names not complied with. Capital A charter fund below the minimum, where a minimum applies. Authority The founding documents approved by a body not authorised to approve them — on capital changes, share transfers and reorganisation. Consent A founder’s consent missing on a share transfer. Founder gone A founding company liquidated, or a founding individual dead. Director The head of the management body disqualified — see the separate answer on who cannot be a director. Tax Tax debt above 50 BCV, or reporting failures — on an address change, merger, accession or spin-off. Form A request to adopt a legal form that does not exist in law. Closed And nothing else — refusal on other grounds, including inexpediency, is not permitted. The grounds for refusing a registration or re-registration are enumerated, and the regulation forecloses any addition to them: refusal of registration or re-registration on other grounds, including on grounds of inexpediency, is not permitted. The list is dominated by things an applicant controls — the duty, the completeness of the file, the address, the name, the capital, whether the right organ approved the documents — rather than by any assessment of the business. Some grounds attach to particular filings rather than to registration at large. A joint-stock company is refused without one or more foreign investors holding not less than fifteen per cent of the charter fund; an enterprise with foreign investment is refused where the foreign share stated in the founding documents does not match the share the law sets for that status; a market or trade complex is refused without a local government body holding at least fifty-one per cent; and a capital change or share transfer is refused where an investigating body or a court has imposed a prohibition. None of it is established by asking. The disqualifying circumstances are found by integrating into the System the information systems of the Ministry of Health, the Ministry of Internal Affairs, the Tax Committee, the Supreme Court and the Department for Combating Economic Crimes — which is why a refusal on those grounds arrives during the filing rather than weeks afterwards.

Why is a company registration refused in Uzbekistan?

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