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Presidential Decree on privatization investment funds.

Main Region

First Region

Kazakhstan
Economic and social policy
1993-06-23
National
Law, Act

Second Region

Creates the necessary conditions for circulation of investment coupons and for encouraging a broad cross-section of the population to participate in a well-organized fashion in the process of mass privatization of state enterprises. Sets out procedures regarding the State Privatization Fund of the Republic of Kazakhstan, licensing of activities of privatization investment funds and the governing of these funds, and suspending and revoking licences. The procedure is conducted by an interdepartmental commission formed by the Cabinet of Ministers of the Republic of Kazakhstan. Provides for obligations of the State Committee for State Property such as confirming the temporary instruction on the procedure for evaluating the pure assets of the privatization investments funds, including the procedure for determining the expenses, the compilation of the financial results of investment funds, and the estimation of privatization investment coupons. Provides that the Cabinet of Ministers and National Bank should have reserves of centralized credit resources to be made available to give financial aid to privatized investment funds.

Serial region

    Serial title
    Central Eurasia Daily Report
    Date
    1993-07-02
    Number
    No 126
    Page range
    pp. 69-70