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ARTICLE · 17 FEBRUARY 2016

Requirement To Verify "Data Concerning Legal Entities" Is Now Lifted

The restated version of the Law no longer contains provisions requiring verification of "data concerning legal entities" by the state registrars and legal entities...

UkraineTax

1. Law of Ukraine "On the State Registration of Legal Entities and Individual Entrepreneurs" № 755-IV, dated 15 May 2003 was restated in its entirety under the new title "On the State Registration of Legal Entities, Individual Entrepreneurs and Civic Organisations" by Law of Ukraine № 835-VII, dated 26 November 2015 (Law.)

The restated version of the Law is effective as from 1 January 2016, and it no longer contains provisions requiring verification of "data concerning legal entities" by the state registrars and legal entities (as was mandated by sections 11, 12, 14 of Article 19 of the previous version of the Law) and allowing termination of a legal entity by a court decision (section 6 of part 2 of Article 38 of the previous version of the Law) being passed due to the fact that the Uniform State Register (Register) contains an entry that a legal entity is missing at its registered address (such "'missing" entry should have been in the Register once a legal entity

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