Business without stamps?

A draft law “On amendments to legislative acts concerning stamps used by legal entities and private entrepreneurs” foresees decreasing of stamps use in everyday life of Ukrainian companies. If adopted, the law would set the following rules:

1)      Responsibility (a fine) for public officials requiring documents from business subjects only with stamps of these subjects, as well as for those public officials who deny accepting documents from business subjects without their stamps.

2)      It is proposed to verify powers of attorney issued by legal entities only with a signature of this legal entity’s manager.

3)      The stamp will not be needed for those who apply for state registration in the State Register of publishers.