Sultanbaeva Munira Bahodirovna1, Chinkulov Kakhramon Ravshanovich1, Pulatova Mohira Bakhtiyorovna1, Safarova Nodira Ashuralievna1,
Mannopova Shaxnoza Elshodovna1
1Tashkent Financial Institute
Abstract
This scientific article provides an analysis of the principles of organization and functioning of a joint stock company in Republic of Uzbekistan. In modern economic conditions, joint-stock companies are becoming the most important organizational and legal form of enterprises. This is due to the transition to a market economy, when corporate enterprises come to the fore, as they are most adapted to such conditions. The advantages of joint-stock companies have come to light historically and are recognized, as a rule, in all countries of the market economy. Basically, two points can be distinguished here. First, joint stock companies provide an opportunity to concentrate capital. In this regard, they are used primarily as a form of organization of large enterprises. Secondly, an important feature of a joint stock company is the absence of shareholders for the obligations of the enterprise. These general circumstances, the reason for the widespread spread of joint-stock companies in Uzbekistan is the fact that in the process of privatization, state and municipal enterprises are usually first transformed into joint-stock companies, and then not the enterprises as such, but their shares are sold to private individuals. Hence the emergence of a whole group of joint-stock companies emerging in the process of privatization. The mechanism for managing an enterprise as a joint stock company is fundamentally different from the mechanism for managing a state enterprise. Experience shows that insufficient information to shareholders about the basic principles of the enterprise, created as a joint-stock company, complicates the work of its management bodies, not allowing them to clearly build their relationships with shareholders. On the other hand, the lack of relevant knowledge allows the heads of joint-stock companies to violate the rights of shareholders, harming the interests of the latter.
Keywords:
Authorized capital, corporation, equity financing, joint stock company, share, shareholder.
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