UZBEKISTAN

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UZBEKISTAN STRUCTURE

Choose the type of company you are changing board member in

Pursuant to Uzbekistan Law “On companies with limited and additional liability”, a Limited Liability Company (in Uzbek: mas’uliyati cheklangan jamiyat) may have one of the following organizational structures:

  1. An Executive Board (in Uzbek: “ijro organi”and a Supervisory Board (in Uzbek: “kuzatuv kengashi“); or
  2. An Executive Board only.

Without prejudice to the above, the Uzbekistan laws consider the General Meeting of Shareholders to be the supreme governing body in the organizational structure of Limited Liability Companies. 

Please see, respectively, “Executive Board” and “Supervisory Board” below for a more in-depth description of each board type, including how to change the respective board members.


For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Uzbekistan on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Uzbekistan.

Pursuant to Uzbekistan Law “On joint stock companies and shareholders’ rights protection” (New edition), a Joint Stock Company (in Uzbek: aksiyadorlik jamiyat) must have the following organizational structure:

  1. An Executive Board (in Uzbek: “ijro organi”and a Supervisory Board (in Uzbek: “kuzatuv kengashi“).

Without prejudice to the above, the Uzbekistan laws consider the General Meeting of Shareholders to be the supreme governing body in the organizational structure of Joint Stock Companies. 

Please see, respectively, “Executive Board” and “Supervisory Board” below for a more in-depth description of each board type, including how to change the respective board members.


For a description of how to change the respective board members, please see the individual steps below.
As all information on how to change board members in Uzbekistan on the LCB Site by nature is generic (i.e. does not include specific requirements for listed companies, special requirements in statutory documents or as otherwise stipulated in any type of special law), we strongly recommend seeking legal advice before actually changing any board members in Uzbekistan.

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Centil Law has provided all input about changing board members in Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Centil is a leading full-service law firm with an integrated practice across Central Asia and the Caucasus. Centil's 50 lawyers and economists advise both international and domestic clients on complex transactions and pioneering projects with particular expertise in banking and finance, energy, M&A, tax and infrastructure.

For more information about Centil Law and changing board members in Uzbekistan, please contact our Partner directly.

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