Takeovers of JSC

According to the Law on Takeovers of shareholders companies the CSD conducts certain activities and has reporting obligations to the bidders as well as to the Securities and Exchange Commission of the Republic of Macedonia. The law also prescribes obligations of the bidder towards the CSD.  

The bidder and the CSD conclude an agreement for provision of  services in the takeover procedure. Under the Agreement, CSD is obliged to make all entries of restrictions on disposal of securities and to register the securities transfers and payments that should be executed in the takeover procedure.