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Abstract
This article analyzes the legal nature of a limited liability company as an organizational and legal form, its specific features, and the theoretical and practical aspects of its legal regulation in the legislation of the Republic of Uzbekistan. The study covers the status of a limited liability company as a legal entity, the limited liability of participants, the legal significance of the charter, the corporate governance system, and the mechanisms for protecting the interests of creditors from a scientific and legal point of view. Also, the development trends of national legislation are analyzed in comparison with the approaches typical of the Romano-Germanic and Anglo-American legal systems, revealing the specific features of the legal regulation of the activities of limited liability companies. Based on the results of the study, scientific conclusions and proposals have been developed aimed at improving corporate relations, strengthening the legal significance of the company’s charter, improving legal control mechanisms during state registration, and ensuring a balance of interests of participants and creditors.
Furthermore, the article highlights the internal corporate documents of a limited liability company, specifically the legal nature of the charter, foundation agreement, and corporate agreement, as well as their mutual differences. The legal essence of the authorized fund (authorized capital) of the company, its role in ensuring the interests of creditors, as well as the legal features of the transition from the principle of “strong authorized capital” to the concept of solvency test are analyzed.
At the same time, in the process of state registration of the company’s charter, it is necessary to strengthen the mechanisms for verifying its compliance with legislative requirements, ensure the openness and transparency of corporate governance, and further develop legal mechanisms aimed at preventing corporate disputes.
References
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