The State Securities Committee of Azerbaijan has received 116 complaints and 13 applications related to violation of the rights of investors by 218 joint stock companies during the first half of the year, the State Committee said on Thursday.
Serious offenses were identified during the inspection of 82 joint-stock companies. As a result administrative penalties in the amount of 17,050 manat were used against them. Instructions were given to eliminate the offenses in 92 joint stock companies.
"At the same time, board members and shareholders of the JSCs were provided with detailed information on the requirements of national legislation on securities and joint stock companies" the report says.