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Politics 2018-07-15T05:20:28+03:00
Ukrainian news
Rada Improves State Registration Of Right To Real Property, Protection Of Ownership Title To Combat Corporate

Rada Improves State Registration Of Right To Real Property, Protection Of Ownership Title To Combat Corporate Raids

The Verkhovna Rada has improved state registration of the right to real property and protection of the ownership title to combat corporate raids.

Draft law No. 5067 received votes of 271 Members of Parliament, while 226 votes enough for approval, Ukrainian News Agency reports.

“A provision is made for notarisation of authenticity of signatures of the founder (member), a person authorised by them, or the principal or the secretary of the general meeting on the resolution of the empowered managerial body, which shall be submitted for state registration of changes about the legal entity,” the explanatory note reads.

Moreover, electronic digital signatures must be provided only in the personal presence of the signatories.

The Ministry of Justice and its territorial divisions are entitled—having dealt with complaints—to send a motion to the Higher Notariat Qualification Commission under the Ministry of Justice for revoking the certificate of the right to carry on notary business.

The law also introduces a norm binding the registrar to inform each property owner about the application for making changes to the information about their property on the register.

Owners shall be given 10 days to suspend the registration provided that the owner learns that such a registration has been applied – but this was not their initiative. They shall be given 60 days to challenge registration acts.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers looks to the parliament to consider and adopt the bills on the confiscation of assets that citizens acquire with unjustified incomes, and on upgrading of criminal penalties for corporate raids during the October 4-7 plenary week.

Больше новостей о: Rada Ukraine Verkhovna Rada property corporate raids raids

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