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The Regulation on the issuance of permission for the reorganization of a joint stock company came into force.

The Regulation on the issuance of permission for the reorganization of a joint stock company came into force.

The document published in Monitorul Oficial establishes the procedure for issuing permission by the National Commission for Financial Market for the reorganization of a joint-stock company. The Regulation applies in cases where at least one of the legal entities involved in the reorganization process is a joint stock company. The permit is issued on the basis of the submitted application and the package of accompanying documents, it also stipulates the deadlines for submitting the documentation and the deadlines for issuing a permit for reorganization (up to 30 days from the date of its submission), specifies the requirements for the documentation that relates to the application for obtaining a permit for the reorganization of a joint-stock company. Also, cases are stipulated when the NCFM has the right to refuse to issue a permit for reorganization. // 21.05.2021- InfoMarket.

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