Article 169. Acquisition by the state of shares of joint-stock companies and shares in the authorized capital of limited liability companies, as well as other legal entities registered in accordance with the applicable law of the Astana International Financial Center, the Law on State Property

Home / Laws / Article 169. Acquisition by the state of shares of joint-stock companies and shares in the authorized capital of limited liability companies, as well as other legal entities registered in accordance with the applicable law of the Astana International Financial Center, the Law on State Property

Article 169. Acquisition by the state of shares of joint-stock companies and shares in the authorized capital of limited liability companies, as well as other legal entities registered in accordance with the applicable law of the Astana International Financial Center, the Law on State Property

1. The decision on the acquisition of shares of joint-stock companies and shares in the authorized capital of limited liability companies into the national and municipal property is taken respectively by the Government of the Republic of Kazakhstan or the local executive body, unless otherwise provided by the laws of the Republic of Kazakhstan.

2. The acquisition of shares of joint-stock companies and shares in the authorized capital of limited liability partnerships at the expense of budgetary funds is carried out in accordance with the procedure provided for by the Budget Code of the Republic of Kazakhstan.

3. If a decision is made to pay for shares of joint-stock companies or the authorized capital of limited liability partnerships with property other than money, the transfer of state property is carried out in accordance with the rules of Article 114 of this Law.

4. When acquiring shares of joint-stock companies at the expense of the republican budget, as well as when establishing a joint-stock company with the participation of the Republic of Kazakhstan, shares included in the republican property in the register of holders of securities of the joint-stock company are credited to the personal account of the authorized body for state property in accordance with the procedure established by the legislation of the Republic of Kazakhstan on the securities market.

When acquiring shares of joint-stock companies at the expense of the local budget, as well as when establishing a joint-stock company with the participation of an administrative-territorial unit, shares included in communal property in the register of holders of securities of the joint-stock company must be credited to the personal account of the executive body financed from the local budget authorized to dispose of communal property, in accordance with the procedure established by the Government of the Russian Federation. established by the legislation of the Republic of Kazakhstan on the securities market.

5. The provisions of this article shall also apply to cases of acquisition by the State of shares, stakes, units and other forms of equity participation in legal entities registered in accordance with the applicable law of the Astana International Financial Center.

The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.

This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.

President

Republic of Kazakhstan

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Article 114. Transfer of property as a property contribution to the authorized capital of limited liability companies, either to pay for the purchase of shares of joint-stock companies, or to the authorized capital (payment for shares) of legal entities registered in accordance with the applicable law of the Astana International Financial Center Law on State Property

Article 114. Transfer of property as a property contribution to the authorized capital of limited liability companies, either to pay for the purchase of shares of joint-stock...