پژوهش های حقوق تطبیقی (Dec 2023)
The Effects of the Stock Market Act 2005 on the Legal Deadlines Contained in the Trade Bill 1968
Abstract
The contents of the Legal Bill to amend a part of the Trade Law act 1968 which have been affected by the Stock Market act 2005 in the realm of legal deadlines in relation to the regulations of public joint-stock companies as one of the most important elements in the stock market, have undergone changes. These changes have been studied in the present research in two categories: Institutional and abrogator categories. Institutional issues include cases for which basically no deadline has been established in the Legal Bill Act 1968 and was considered for the first time in the Stock Market Act 2005, and the abrogator cases are those deadlines for which due date has been assigned and by approving the Stock Market Act 2005 has been abrogated. The philosophy of the mentioned effects, both in the field of institution and abrogation, can be found in the goal of the legislator to protect the rights of shareholders and the transparency of capital market information. Determining the period of subscription, determining the period to return the funds, the period for dealing with the obligations of the subscriber, changing the time for using the funds paid by investors, changing the time for withdrawing the funds in case of no increasing the capital, changing the period for the board of directors to deal with the obligations of the underwriters, and determining the period for disclosure of the board of directors' decisions, are the dates studied in this research.
