being limited to the full extent of the shareholder's share

morrilla

Member
Ukraine
Does the phrase "being limited to the full extent of the shareholder's share capital contribution" relate to the "assets"?

Each such Free Zone Company Shall then be capable of exercising all the functions of a Free Zone Company but with such liability on the part of its shareholder to contribute to its assets in the event of its being de-registered pursuant to the Implementing Regulations being limited to the full extent of the shareholder's share capital contribution to such Free Zone Company.
 
  • cuchuflete

    Senior Member
    EEUU-inglés
    Yes and no, morrilla. It relates to capital. It is among the worst examples of this sort of writing I have seen lately. It appears to describe the limitations on shareholder liability to make further capital contributions, called assets in this text, if the company is delisted or loses its registration.
     
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