Legal entity of “Kuylik” wholesale market liquidated 

The operating company of the Tashkent wholesale agricultural market in Kuylik will be liquidated, the Single Portal of Corporate Information reported.

The corresponding decision was made by the company’s shareholders at a general meeting held on February 29. The activities of the joint stock company are officially terminated from the same date.

Appeals and applications related to a legal entity are accepted within two months after the announcement. One can submit them in person through the market directorate.

Joint Stock Company “Tashkent Wholesale Market of Agricultural Products” was established in 1999. At the time of liquidation, more than 93% of the shares belonged to the capital’s admnistration, the remaining share was held by employees and in open circulation.

According to the market directorate, trade on its territory ceased on January 5, the day the administration announced its closure for reconstruction. Entrepreneurs were offered a free move to Tashkent Index, Food City or another shopping complex.

The decision to liquidate the legal entity was motivated by “complicated financial situation”. As stated in the supervisory board, the accrual of land and property taxes continued even after the suspension of the market.

Also at the meeting, a liquidation commission was formed, headed by market director Otabek Jumayev. At the same time, the decision indicates the possibility of “resuming the work of the JSC if necessary”.

At the same time, it is allowed to “organize other activities in accordance with the proposals of government agencies, interested institutions and other officials for the effective use of the territory, in accordance with the interests of the population”.

In June 2022, the capital’s Council approved the seizure of part of the land allocated for the “Kuylik” market to expand the nearby Ring Road – Fargona Yuli overpass. The administration clarified that the decision does not provide for the complete withdrawal of the territory of the complex.