Modernization of corporate legislation of the Republic of Kazakhstan in the context of legislative reforms and concepts

The study of corporate law and corporate relations in the past few years has become one of the most relevant areas of legal research in the scientific community. This phenomenon is caused by many factors, among which prevail the following: globalization, the transformation of economic relations, the new challenges of modern democracies, the dynamics of reform of national corporate legislation and the strengthening of interstate transborder cooperation. In the context of the transformation of public relations, the latest views on corporate legal relations have become an integral component of the modern world, a condition for its existence and have acquired extraterritorial character. The purpose of the article is to perform a comprehensive research of the trends and issues of modernization of the corporate legislation of the Republic of Kazakhstan in the context of legislative reforms and concepts, as well as the formation of original proposals in this field, proceeding from the analysis of the Concept of improving the legislation of the Republic of Kazakhstan targeted at improving the legal regulation of corporate legal relations, corporate management, activities of the corporate groups and the legal status of holding companies. The methodological basis of scientific research is represented by a number of general scientific and special methods of cognition, namely: dialectical, systemic, Aristotelian methods, method of system analysis, sociological and others. The author stated that, despite the large number of new laws contained in the analysed Concept, the law on its basis was never adopted, which is connected, for the most part, with increased detailing of contractual legal regulation, which may lead to a restriction of freedom of contract. In addition, the paper argues the prudence of eliminating unreasonable effects on corporate relations through criminal and administrative law; the necessity for legislative consolidation of the public reliability of the register of legal entities is emphasized; proposals are developed and reasoned for a qualitative reform of the corporate legislation of the Republic of Kazakhstan by means of amending existing provisions of the national legal regulation