This resolution of the Verkhovna Rada of Ukraine concerns the adoption as a basis of a draft law that amends Article 12 of the Law of Ukraine “On Limited and Additional Liability Companies”.
**Structure and Main Provisions:**
The resolution consists of two points. The first point envisages the adoption as a basis of the draft Law of Ukraine (Reg. No. 13002), which concerns amendments to Article 12 of the Law on LLCs and ALCs. These changes are aimed at ensuring the possibility of creating additional capital by the company and the contribution of participants to this capital. The second point instructs the Committee of the Verkhovna Rada of Ukraine on Economic Development to finalize the draft law, taking into account the proposals, reducing the deadline for submitting amendments, and submit it for consideration in the second reading.
**Key Provisions for Use:**
The most important aspect is that the draft law aims to expand the capabilities of limited and additional liability companies to form additional capital. This may be important for companies seeking to attract additional funds from participants without increasing the authorized capital.
