in July 2001, many companies and lawyers still complied with the old requirements for company stamps. Further, it appears that the police department continues to issue stamp approvals (at a fee of 10 GEL) despite the change in the law.
Department for Statistics Registration . Amendments to the Law on Entrepreneurs and the Administrative Code have eliminated the requirement that a business must register with the Department of Statistics. Under the new regulations, this requirement has been replaced by a notification process between the courts and the Department of Statistics. The new regulations may be summarized as follows:
In accordance with the Law on Entrepreneurs, [22] the courts are required to send copies of the court business registration resolutions to the Statistical Department on a monthly basis. This information should be submitted by the 5th day of every month.
On June 19, 2001, parliament amended the Law on Entrepreneurs and abolished the provision that the courts must assign tax and statistics codes when a company has registered with the relevant bodies.
Amendments [23] to the Administrative Code in July 2001 have removed the provision that companies must provide a statistical code in order to open a commercial bank account.
However, in practice, companies throughout Georgia still go to the central bureau of the statistical department in Tbilisi to register in order to comply with the previous provisions of the law.
Public Availability of Information . Company registration data are recorded in the registration card as approved under the law (see in the above). The same format is used to respond to requests for company registration information. The following information is required to complete a registration card:
В· Name of the local court
В· Court registration number
В· Company name
В· Address
В· Activities
В· Equity capital
В· Names of partner (s), their occupations, and addresses
В· Names of director (s), their occupations, and addresses
В· Members of the supervisory board, their occupations, and addresses (if a supervisory board was established)
В· Representation powers of director (s)
В· Trade representative (procurator)
В· Legal status
В· Date of registration
В· Remarks
As mentioned above, a company may be registered in any one of 66 local courts throughout Georgia.
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4.1.2 Company Licensing System
General . The law of Georgia on "Licensing of Entrepreneurial Activity" ad...
