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In which circumstances can an enterprise buy its member’s shares?

A Multiple member Limited Liability Company an redeem the contributed capital amount of a member at the request of that member should such member vote against a resolution of the Members’ Council on the following issues:

    • Amendment and supplementation of the company charter relating to the rights and obligations of members and of the Members’ Council.
    • Reorganization of the company.
    • Other cases provided for in the company charter.

A Joint Stock Company may redeem the shares of its shareholders in the following cases:

    • At the request of the shareholders in case they vote against a resolution on reorganization of the company or change in the rights and obligations of shareholders provided for in the company charter.
    • According to the decision of the company: the company may redeem no more than 30 percent of the total number of ordinary shares sold, and some or all of the dividend preference shares sold.

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