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CENTRAL DEPOSITARY OF ARMENIA CALLS UPON STOCK COMPANIES FOR COOPERATION
arminfo
2008-03-12 15:57:00
ArmInfo. The Central Depositary of Armenia (CDA) offered all the
stock companies in the country to keep their stock register. CDA told
ArmInfo that in conformity with the alterations and amendments to the
RA Law on Stock Companies that will come into effect on July 1 2008,
all the stock companies must refuse from keeping stock registers and
transfer this function to a professional organization.
By the data for the beginning of 2008, CDA kept registers of 734 stock
companies, including 230 CJSC. CDA has the necessary experience and
technical base to provide the following services: keeping register;
placement-related services; services connected with corporate activity
of emitters; provision of the list of registered owners; opening
of personal account for a shareholder; change of data in accounting
card; transfer of securities; blocking of securities; operations with
securities; provision of information and statements on operations.
CDA was founded in October 1996. In January 2008, Swedish OMX bought
in Armenian Stock Exchange (ArmEx) and CDA that were reorganized
into open joint stock companies. Earlier, it were self-regulating
organizations based on American model. The basic infrastructure of
the country's stock market is reorganized in conformity with the
European development model.
arminfo
2008-03-12 15:57:00
ArmInfo. The Central Depositary of Armenia (CDA) offered all the
stock companies in the country to keep their stock register. CDA told
ArmInfo that in conformity with the alterations and amendments to the
RA Law on Stock Companies that will come into effect on July 1 2008,
all the stock companies must refuse from keeping stock registers and
transfer this function to a professional organization.
By the data for the beginning of 2008, CDA kept registers of 734 stock
companies, including 230 CJSC. CDA has the necessary experience and
technical base to provide the following services: keeping register;
placement-related services; services connected with corporate activity
of emitters; provision of the list of registered owners; opening
of personal account for a shareholder; change of data in accounting
card; transfer of securities; blocking of securities; operations with
securities; provision of information and statements on operations.
CDA was founded in October 1996. In January 2008, Swedish OMX bought
in Armenian Stock Exchange (ArmEx) and CDA that were reorganized
into open joint stock companies. Earlier, it were self-regulating
organizations based on American model. The basic infrastructure of
the country's stock market is reorganized in conformity with the
European development model.