1. A private joint stock company is a company where the number of the shareholders is at least two. The capital of the company shall be divided into shares with the same nominal value, to be paid in full without offering any shares for public offering. This shall be by signing the MOA and complying with the provisions of this Decree Law in connection with registration and incorporation. A shareholder in the company shall be liable only to the extent of their share in the company's capital. 2. Notwithstanding the minimum limit of the number of shareholders as set forth in Clause [1] of this Article, it shall be permissible for a legal person to incorporate and hold a private joint stock company. The holder of the company's capital shall only be liable for its obligations to the extent of the capital of the company as set out in its MOA. The name of the company shall be followed by the phrase "Private Joint Stock – One Person Company (OPC)". The provisions of the private joint stock company as set forth in this Decree Law shall apply to this legal person, to the extent that does not conflict with the nature of such company. The Minister shall issue a resolution on the procedures of incorporation and management of the One Person Company (OPC) private joint stock company consistent with its nature.
Interpretation and application must be checked against the official text and current version.